When a tax cut isn’t a tax cut for feds

As proposed by the President, people who pay into Social Security would have their payroll tax cut by 2 percentage points next year. Those who don\'t pay into S...

The proposed Social Security tax cut might have triggered a civil war among federal employees. Employees in the Civil Service Retirement System say the move amounts to a tax break for everyone but them. Employees in the Federal Employees Retirement System say there’s nothing for CSRS employees to complain about because they don’t pay Social Security tax anyway. The National Active and Retired Federal Employees Association has been looking into this issue. NARFE Legislative Director Dan Adcock helps us separate myth from reality.

Copyright © 2024 Federal News Network. All rights reserved. This website is not intended for users located within the European Economic Area.

    Getty Images/iStockphoto/SIphotographyretirement

    How to make sure you outlive your investments after you retire

    Read more