Upon your retirement, you will be required to complete a W–4P Form to begin a monthly federal tax withholding. SEP IRA Plan: A Simplified Employee Pension (SEP) IRA is a type of traditional IRA that lets self-employed people and small business owners save for retirement.O Submit your application and option selection to the retirement plan office. Self-Help Guide to Pre-Retirement Planning for New York State Employees. Guide given to webinar participants covering 11 content areas. Middlesex Savings Bank has you covered when it comes to investing in a retirement fund. Explore the best retirement investments for you. An Act requiring the State to prepare gross income tax returns for certain taxpayers, supplementing Chapter 8 of Title 54A of the New Jersey Statutes. Contributions to a self-employed plan may be tax deductible up to certain limits. Get an Estimate See if you qualify for savings on your monthly health insurance premium through the Health Connector.