June 07, 2019 13:53 Updated Follow Go to the IRS site here for more information. Related articles Will I be taxed twice if I choose to take a lump sum distribution of my INPRS account at retirement? What do the Percentage Method Tables for federal income tax withholding show? How do I withhold Indiana state or local taxes from my pension benefit? Will my tax withholding change? What happens to my pension when I die?