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Aboutthispacket Your pension/annuitypaymentisseparateanddistinctfromtheoptoutfinancialincentive payment. YourpensionpaymentisnottaxedbytheStateofIllinois;however, the financial incentivepaymentwhichismadebytheStateofIllinoisisconsideredincomeandwillbetaxed. AfederalW4formisrequired.
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