Here's how it hit us... (insurance, 2013, pension, tax)

[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.

[cokeman]

social security 2% of middle class income now?

[Retroit]

Don't worry, the President has assured us that he will only allow taxes to be raised on the rich.

[Escort Rider]

Originally Posted by RevelationWriter

Pension Check Taxed for, 'Social Security Tax': $38.00 less dollars a month from the pensio

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.

[TuborgP]

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.

Like you I await to learn how and why.

[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.

[myrc60]

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.

That or OP doesn't know what he's paying!

[EmeraldCityWanderer]

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.

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.

[RevelationWriter]

Thanks for the questions.

I will look into it and keep you all posted.

[HappyTexan]

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.

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