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N.J.S.A. § 54A:7-1.1.

Voluntary withholding from pensions and annuities

Official textNew Jersey Statutes Annotated (Tax)lis.njleg.state.nj.uslast amended
Summarize

Voluntary withholding from pensions and annuities. a. Every payor of a pension or annuity, under an annuity, endowment or life insurance contract, or payments of any such amounts which are received as pension disability or retirement benefits, to a taxpayer under any public or private plan, shall withhold the amount specified by the recipient of a pension or annuity.

b. The amount to be withheld shall be a minimum of $10.00 per payment period or an even dollar amount greater than the minimum as specified by the recipient of the pension or annuity.

c. The recipient of a pension or annuity shall make a request in writing to the payor for the amount to be withheld on a form and in the manner specified by the director. The amount being withheld may be changed or terminated upon request by the recipient of the pension or annuity in the same manner.

d. The director shall promulgate the regulations necessary to implement voluntary withholding from pensions and annuities.

L.1989, c.328, s.1.

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In this chapter (18 sections)
  1. 54:7-1. · Action by governing body
  2. 54:7-2. · Liens which may be apportioned
  3. 54:7-3. · Apportionment by application or on motion of governing body
  4. 54:7-4. · Apportionment; resolution; copies filed
  5. 54:7-5. · Apportionment without notice; reapportionment; effect of…
  6. 54:7-6. · Notice; publication; service
  7. 54:7-7. · Apportionment by designated municipal officer; appointment
  8. 54:7-8. · Map and deposit for expenses may be required
  9. 54:7-9. · Apportionment of liens on lands taken for streets
  10. 54A:7-1 · Requirement of withholding tax from wages
  11. 54A:7-1.1. · Voluntary withholding from pensions and annuities
  12. 54A:7-1.2 · Entities making payments to unincorporated contractors, 7…
  13. 54A:7-2 · Information statement for employee or recipient of other…
  14. 54A:7-3. · Credit for tax withheld
  15. 54A:7-4. · Employer's or other payor's return and payment of withheld…
  16. 54A:7-5. · Liability for withheld taxes
  17. 54A:7-6. · Failure to withhold
  18. 54A:7-7. · Filing annual reconciliation of tax withheld
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