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Important Tax Information

May 14, 2021, 10:38 AM by MOSERS
Turbotax is asking me for "Plan cost at annuity starting date" and I have no idea what this is. Can you help me?

For your MOSERS benefit, "plan cost at annuity starting date" is the total after-tax contributions used to calculate the exclusion amount (amount of your monthly benefit excluded from taxable income). It is important to note that this total doesn’t include your Employee Contributions, as they are paid in pre-tax. However, the total may include any purchases you made with after-tax funds or payroll deductions. 

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