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If you need to make a change to your tax situation, you can modify the amount deducted from your monthly benefit payment. bti���� offers two easy ways to adjust your tax withholding election.

1. Use My bti���� to make adjustments securely online.

• Sign in to your account.
• Select “Tax/1099-R.”
• Select “Adjust Election.”
• To adjust your federal tax elections, provide the appropriate information, then click “Confirm.”
• To adjust your California tax elections, provide the appropriate information, then click “Confirm.”
• After entering your name, click “Submit.”

2. Print and mail or upload your forms to bti����.

• On the , click the Forms & Publications tile, then find the withholding forms under “Manage Your Retirement Payments.”
• Print out and complete the forms.
• Upload your forms by logging in to your account Or
• Mail forms to:
                       bti����
                       PO Box 7060
                       Pasadena, CA 91109-7060

If you do not want to change your existing election, no action is necessary.

Note: The IRS has updated the W-4P form for 2022, but bti���� will not switch to the new form until 2023. Please continue to use the 2021 forms provided until further notice. (Do not submit a 2022 version of the form or your withholding change will be rejected.) For more information, see the Federal Income Tax Withholding section on the Tax Requirements page, which includes links to the proper form and a Q&A sheet about the changes.

bti���� does not provide tax advice. Consult with a professional advisor to determine which withholding category is best for your personal situation