There are various deductions that are optional that may be deducted from your retirement pension payment. The following are possible options.
Taxes
You may choose not to have any taxes withheld from your pension benefit. However, you may be liable at the end of the year for unpaid taxes and/or additional penalties. You will need to contact your tax advisor for more information.
Health, Dental, Life Insurance Premiums
You have the option to have your health care, dental and life insurance premiums deducted from your retirement payment. Please contact risk management at (209) 385-7356 for more information.
Vision Insurance
You have the option to have your vision insurance premiums deducted from your retirement payment. Please contact VSP at (800) 400-4569.
MERCO
You may choose to have a portion of your retirement check deposited into a MERCO account.
REMCO
Retired Employees of Merced County, membership is optional but dues may be deducted from your retirement payment.
