W4-P WITHHOLDING CERTIFICATE FOR 2010

MONTHLY PENSION DEDUCTIONS FOR INSURANCE PREMIUMS EFFECTIVE DECEMBER 1, 2009

Notification of changes to any deductions from your pension check that is due December 1, 2009 must be made in writing by completing a new Direct Deposit Deduction Form. The completed form must be received by the pension office no later than Thursday, November 12, 2009. Should you have any questions, please call the
pension office immediately at 321-724-8877.

RETIREE FEDERAL WITHHOLDING FOR 2010

New federal withholding tax tables were implemented by SunTrust Bank effective January 1, 2010.  Please check your current withholding. 

Should you need to make any changes, contact the Sun Trust Bank Call Center  at 1-866-855-6738 or the Pension Office at 321-724-8877.

Retired members of the Palm Bay Police and Firefighters Pension Plan with questions regarding their check disbursement; direct deposit; federal withholding selection; or change of address notification should contact the following:    

(1) SUNTRUST BENEFIT PAYMENT PROCESSING CENTER SPECIALISTS 

        TELEPHONE:   1-866-855-6738

(2) Palm Bay Police and Firefighters' Pension Board

• Website
• Office Phone (321) 724-8877
• Office Fax (321) 724-8838
• Office Email Address pbpfpf@msn.com
• Office address

Conlan Professional Center
1501 Robert J. Conlan Boulevard
N.E. Suite 260
Palm Bay, Florida 32905-3567

(3) NOTICE TO RETIREES: YOUR 1099Rs are being mailed from Sun Trust Bank. If you receive two, it means that you may have moved out of the State of Florida during the year. One form will reflect the pension funds paid to you while living in Florida. The second one will reflect the pension funds paid to you while living in your new home state. The state you move to may or may not have a State Income Tax. Box 11 will reflect a State ID Code that provide the IRS with your state's code that will help them to determine if state income tax applies.

If a portion of your pension income has been pre-taxed, it will also be reflected on the form in a one of the separate boxes.

(4) DROP INTEREST RATES

(5) Retired Officer Association

For a small annual fee you can become a member of the PBPFPF retired officers association. The fee is to offset printing and mailing cost for a proposed newsletter. We plan to sponsor an annual dinner or lunch, and fund raisers for retired and active duty officers. This is in the development stage and under consideration based on interest. If you are interested call (321) 724-8877 and leave a message.

(6) DIRECT DEPOSIT-MONTHLY DEDUCTION FORM

Retirees, you may use this form to change your direct deposit information and/or to select monthly deductions from your monthly retirement distribution. Download the form to your printer, complete it and mail it to the pension office. Monthly deductions selected will be paid by check to the payee listed.