Section 27-210-63-107 - Taxation of the Temporary Benefits1. The temporary benefit is not a disability retirement benefit. The temporary benefit is a partial distribution of the member's accumulated contributions and is subject to mandatory federal income tax withholding.2. The temporary benefit will have federal income taxes withheld in accordance with Internal Revenue Service requirements.3. The temporary benefit may also be subject to a tax penalty if the member is younger than age 55 (age 50 for a qualified public safety employee) at the time of the distribution.4. An IRS Form 1099-R will be issued at least annually for the temporary benefits paid during the applicable calendar year.27 Miss. Code. R. 210-63-107