December 13, 2010

NARFE seeks tax relief for CSRS employees

Federal Times reports: The National Active and Retired Federal Employees Association is working with lawmakers to try to make sure Civil Service Retirement System employees don't miss out on a payroll tax holiday.Under the controversial tax cut plan the White House and congressional Republicans struck last week, the Making Work Pay tax credit would expire and be replaced by a 2 percent reduction in payroll taxes most workers pay into Social Security. But CSRS employees do not pay into, nor receive benefits from, Social Security, and would not benefit from such a reduction.

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