On Wednesday, January 1, 2025, we’re implementing the following updates that may change your monthly DERP Pension Benefit payment.
- Applying the 2025 IRS federal and Colorado tax withholding rates
- Updating the 2025 health insurance premium rates
- Adding your 2025 health insurance elections
Do I need to do anything if I’m receiving a monthly DERP Pension Benefit payment?
No, there is nothing you need to do, unless you want to modify your federal or Colorado tax withholdings.
How do I modify my federal or Colorado tax withholdings?
Log in to your MyDERP.org account and click the Tax Withholding button. Changes to your withholdings must be completed before or on the 20th calendar day of the month prior to the month when you want your changes to take effect.
As a reminder, we can’t withhold state taxes for other states, and we can’t provide tax counseling. Questions about your taxes should be directed to your personal tax advisor, the Colorado Department of Revenue, and/or the IRS.
Questions?
Email Help@DERP.org or call (303) 839-5419. Our hours for email and phone support are Monday-Friday, 7:30 a.m.-4:30 p.m.