Important Tax Information for Retired
State Public Safety Officers

This announcement is only for retired State employees who were public safety officers and had State retiree insurance premiums deducted from their retirement benefits in 2007.

Beginning with the 2007 tax year, eligible retired public safety officers can exclude up to $3,000 per year from their retirement income used for qualified health insurance premiums or long-term care insurance premiums.

The amount of health insurance premiums KPERS deducted from your monthly retirement benefits in 2007 is labeled “Total Health Ins” and is included in the box below boxes 9a and 9b of your 1099-R form.

To find out how to claim the $3,000 exclusion, consult your tax advisor or read the Internal Revenue Service Form 1040 Instructions for 2007. IRS Publication 575 also provides tax information concerning retirement and annuity income.

Link to IRS Form 1040 Instructions (1.4MB, link to www.irs.gov)

IRS Publication 575 "Pension and Annuity Income" (1.1MB, link to www.irs.gov)