January 31, 1989
TO: PENSION MEMBERS NO. 4-89
RE: 1989 IRS FORM 1099-R
____________________________________________________
Attached is a copy of the 1989 IRS Form 1099-R, Total
Distributions from Profit-Sharing, Retirement Plans, Individual
Retirement Arrangements, Insurance Contracts, Etc.
Although the form itself has not been revised
substantively, changes appear in the instructions to the
recipient. For example, the explanation of Box 2 no longer
includes a note advising the recipient to contact the payor if
there is an entry in Box 1 but not in Box 2. In addition, the
explanations of codes "8" and "P" in Box 8 have been revised to
reflect the change in the tax treatment of earnings on excess
deferrals under the Technical and Miscellaneous Revenue Act of
1988.
We will keep you informed of further developments.
Kathy D. Ireland
Assistant General Counsel
Attachment