
01-05-2013, 11:30 AM
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2,847 posts, read 2,463,000 times
Reputation: 579
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- Health Insurance went up from $500.00 a month to $588.00 a month.
- Pension Check Taxed for, 'Social Security Tax': $38.00 less dollars a month from the pension.
So now we got less, to pay more, with.
So now, 15 hundred and 12 dollars a year less?
Which has cut into Vacation money. No Vacation this year. 
Last edited by RevelationWriter; 01-05-2013 at 11:49 AM..
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01-05-2013, 09:00 PM
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161 posts, read 583,519 times
Reputation: 95
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social security 2% of middle class income now?
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01-06-2013, 10:59 AM
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Location: Here.
15,454 posts, read 14,025,013 times
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Don't worry, the President has assured us that he will only allow taxes to be raised on the rich. 
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01-06-2013, 11:18 AM
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Location: Los Angeles area
14,017 posts, read 18,870,717 times
Reputation: 32438
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Quote:
Originally Posted by RevelationWriter
Pension Check Taxed for, 'Social Security Tax': $38.00 less dollars a month from the pensio
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A Social Security tax on pension benefits???? I haven't ever heard of such a thing. I, too, receive a pension, and the net amount of the January 3, 2013 payment was exactly the same as the 2012 payments.
Please explain.
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01-06-2013, 12:24 PM
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31,025 posts, read 37,017,977 times
Reputation: 13315
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Quote:
Originally Posted by Escort Rider
A Social Security tax on pension benefits???? I haven't ever heard of such a thing. I, too, receive a pension, and the net amount of the January 3, 2013 payment was exactly the same as the 2012 payments.
Please explain.
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Like you I await to learn how and why.
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01-06-2013, 01:15 PM
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Location: Great State of Texas
86,068 posts, read 76,653,322 times
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Yeah me too. FICA is not deducted from pensions and my Jan check had nothing.
OP..something is very wrong if you have FICA deducted from your pension check and you need to get ahold of your ex-employer right away.
FICA is a tax on employers and employees, not retirees.
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01-06-2013, 01:19 PM
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Location: home state of Myrtle Beach!
6,413 posts, read 20,272,639 times
Reputation: 3628
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Quote:
Originally Posted by HappyTexan
Yeah me too. FICA is not deducted from pensions and my Jan check had nothing.
OP..something is very wrong if you have FICA deducted from your pension check and you need to get ahold of your ex-employer right away.
FICA is a tax on employers and employees, not retirees.
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That or OP doesn't know what he's paying!
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01-06-2013, 01:57 PM
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4,130 posts, read 4,073,136 times
Reputation: 3041
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Quote:
Originally Posted by RevelationWriter
- Health Insurance went up from $500.00 a month to $588.00 a month.
- Pension Check Taxed for, 'Social Security Tax': $38.00 less dollars a month from the pension.
So now we got less, to pay more, with.
So now, 15 hundred and 12 dollars a year less?
Which has cut into Vacation money. No Vacation this year. 
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Pensions don't have SS taken out. Either some one is doing something wrong, or you are just making stuff up.
Also, health insurance requires approval to increase prices. According to the law insurers are not allowed in increase rates more then 10% without government approval and notification of all policy holders. A 17% increase exceeds that, so they couldn't have just done it at a whim and by surprise.
I always wonder why people feel the need to lie.
My check went down a little with SS taxes going back to it's original amount, but my health insurance dropped by $50 a month because my employer had lower overhead and increased their share.
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01-06-2013, 02:23 PM
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2,847 posts, read 2,463,000 times
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Thanks for the questions.
I will look into it and keep you all posted.
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01-06-2013, 02:49 PM
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Location: Great State of Texas
86,068 posts, read 76,653,322 times
Reputation: 27647
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Quote:
Originally Posted by EmeraldCityWanderer
Pensions don't have SS taken out. Either some one is doing something wrong, or you are just making stuff up.
Also, health insurance requires approval to increase prices. According to the law insurers are not allowed in increase rates more then 10% without government approval and notification of all policy holders. A 17% increase exceeds that, so they couldn't have just done it at a whim and by surprise.
I always wonder why people feel the need to lie.
My check went down a little with SS taxes going back to it's original amount, but my health insurance dropped by $50 a month because my employer had lower overhead and increased their share.
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I dunno about that..my health insurance has gone up 20% each year for the past 3 years.
Health insurers seeking double-digit increases in premiums for some customers - Nation - The Boston Globe
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