Hello,
I.T. Job was outsourced 1/2013. Worked for the company for 23 years.
I interviewed with the outsourcer and landed the same job supporting the company I retired from. I was offered an early retirement package that included a monthly pension check $2,000 per month with 100% survivor benefit no COLA.
How convenient, 2 years from 80 points and retiree health care.
I went from receiving a nice tax return (couple thousand dollars) to paying about $5000 to federal and state income tax since retiring 2 years ago.
The accountant that prepares our taxes said when I turn 55 the pension income will be calculated differently for tax purposes.
Has anyone experienced anything similar
I.T. Job was outsourced 1/2013. Worked for the company for 23 years.
I interviewed with the outsourcer and landed the same job supporting the company I retired from. I was offered an early retirement package that included a monthly pension check $2,000 per month with 100% survivor benefit no COLA.
How convenient, 2 years from 80 points and retiree health care.
I went from receiving a nice tax return (couple thousand dollars) to paying about $5000 to federal and state income tax since retiring 2 years ago.
The accountant that prepares our taxes said when I turn 55 the pension income will be calculated differently for tax purposes.
Has anyone experienced anything similar