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Old 01-05-2013, 10:30 AM
 
2,847 posts, read 2,439,981 times
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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 10:49 AM..
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Old 01-05-2013, 08:00 PM
 
161 posts, read 579,527 times
Reputation: 95
social security 2% of middle class income now?
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Old 01-06-2013, 09:59 AM
 
Location: Here.
14,841 posts, read 13,714,689 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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Old 01-06-2013, 10:18 AM
 
Location: Los Angeles area
14,017 posts, read 18,731,620 times
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Quote:
Originally Posted by RevelationWriter View Post
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.
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Old 01-06-2013, 11:24 AM
 
30,959 posts, read 36,770,651 times
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Quote:
Originally Posted by Escort Rider View Post
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.
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Old 01-06-2013, 12:15 PM
 
Location: Great State of Texas
86,068 posts, read 76,171,913 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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Old 01-06-2013, 12:19 PM
 
Location: home state of Myrtle Beach!
6,385 posts, read 20,028,709 times
Reputation: 3594
Quote:
Originally Posted by HappyTexan View Post
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!
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Old 01-06-2013, 12:57 PM
 
4,130 posts, read 4,046,102 times
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Quote:
Originally Posted by RevelationWriter View Post
- 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.
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Old 01-06-2013, 01:23 PM
 
2,847 posts, read 2,439,981 times
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Thanks for the questions.

I will look into it and keep you all posted.
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Old 01-06-2013, 01:49 PM
 
Location: Great State of Texas
86,068 posts, read 76,171,913 times
Reputation: 27635
Quote:
Originally Posted by EmeraldCityWanderer View Post
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
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