Browsing: Premiums

Q: I have heard that under the new health care bill, the dollar amount of employer-provided health care premiums will be added to one’s income on one’s W-2 starting next year. Is this correct? A: Relax. That provision doesn’t go into effect until 2018. Further, it’s not entirely clear what its effect would be.

For employees, 2010 is a mixed year for benefits. For retirees, it’s pretty much a bust. General Schedule employees received a 2 percent pay increase, with 1.5 percent going to all employees and the remainder being distributed through locality pay. If you want to compare how you made out against employees in other areas, go to the Salaries and Wages page on the Office of Personnel Management Web site. The maximum taxable earnings for Social Security withholding stay at the 2009 level — $106,800. So, if you are a Federal Employees Retirement System or Civil Service Retirement System Offset employee,…

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