It was previously reported that starting in 2022, the IRS will be using a new redesigned Form W-4P. This form is used to let OP&F know the desired amount of federal income tax to withhold from pension and annuity payments. However, under pressure from multiple beneficiary advocates, the IRS has now delayed the new W-4P form until 2023.
OP&F will not implement the new form in 2022. We will provide additional information when more guidance has been provided by the IRS.