Tag: pensions

Pennsylvania Bill Would Exempt Corrections Officers from Paying Taxes on Pensions

The Center Square

 A Michigan bill seeking statewide allowance for some former public employees to pay income taxes on pensions has been introduced by state Rep. Kathy Schmaltz, R-Jackson.

House Bill 4578, if passed, would exempt pensions of Michigan Department of Corrections retirees from the state income tax. Michigan allows retired police, firefighters, and county jail corrections officers to fully deduct their pensions from the Michigan income tax.

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Commentary: Retirees Turn Detective to Find ‘Lost’ Pensions

RealClearWire

When Sam Semilia toted up his retirement finances, he was pretty sure that he was due a pension from his time working as a steam engineer for the Diamond Crystal salt company four decades before. Salty is one way to describe the search for his money, a four-year odyssey filled with shredded paper trails and assorted dead ends, along with a brief history of modern American capitalism.

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