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N e w she the r Delaware Public Employees Retirement SystemRetiree Edition July 2018Pension Adjustments Medicare Cards Are Coming! Senate Bill 236 passed the second session of the 149th General Assembly,

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What is pension adjustments?

Pension adjustments are deductions or credits made to a pension plan to account for changes in contribution room or pension benefits.

Who is required to file pension adjustments?

Individuals who have a registered pension plan or a deferred profit sharing plan are required to file pension adjustments.

How to fill out pension adjustments?

Pension adjustments can be filled out using the appropriate forms provided by the Canada Revenue Agency, including the T2200, T2202, and T4A slips.

What is the purpose of pension adjustments?

The purpose of pension adjustments is to ensure that individuals do not exceed their contribution limits and to accurately reflect their pension income for tax purposes.

What information must be reported on pension adjustments?

Information such as the individual's pension contributions, the pension adjustment reversal, and any unused pension contribution room must be reported on pension adjustments.

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