U.S.

January 11, 2013

Fiscal cliff legislation affects military, civilian paychecks

American Forces Press Service

WASHINGTON — The legislation President Barack Obama signed Jan. 2 postponed the fiscal cliff and means changes to military and civilian paychecks, Defense Finance and Accounting Service officials said today.

The legislation increases Social Security withholding taxes to 6.2 percent. For the past two years during the “tax holiday” the rate was 4.2 percent.

The increase in Social Security withholding taxes affects both military and civilian paychecks, officials said.

For civilian employees, officials said, this will mean a 2 percent reduction in net pay.

For military personnel, changes to net pay are affected by a variety of additional factors such as increases in basic allowances for housing, subsistence, longevity basic pay raises and promotions. Service members could see an increase in net pay, no change or a decrease, military personnel and readiness officials said.

For military members, Social Security withholding is located on their leave and earnings statement in the blocks marked “FICA taxes” — for Federal Insurance Contributions Act.

Defense Department civilians will see the change on their leave and earnings statement under “OASDI” — for old age, survivors, and disability insurance.

Reserve component members will be the first to see potential changes in their net pay as a result of the law, DFAS officials said. Changes will be reflected in their January paychecks.

Active-duty military personnel will see pay adjustments in their January mid-month paycheck and will be reflected on the January leave and earnings statement.

DOD civilians will see social security withholding changes reflected in paychecks based on the pay period ending Dec. 29, 2012, for pay dates beginning in January.

DFAS stresses that all personnel should review pay statements carefully.




All of this week's top headlines to your email every Friday.


 
 

 

Local Briefs July 2, 2015

Sunset Horseback Ride August 8, 4 – 8 p.m. – Outdoor Rec Saddle up and enjoy a 2-hour sunset horseback ride through the Saguaro National Park. Single Airmen can sign-up beginning July 6. All others may sign-up beginning July 13. Final deadline is July 31. Minimum age: 18. Cost of $25/person. Call 228-3736 for more...
 
 
(U.S. Air Force photos by Airman 1st Class Chris Massey)

F-15E Strike Eagle students complete training at D-M

Student pilots from Seymour Johnson Air Force Base, N.C., have been training here since June 17. Fourteen F-15E Strike Eagles from the 334th Fighter Squadron, as well as pilots and Weapons Systems Officers came to D-M to com...
 
 

D-M’s Fourth of July Celebration

For July 4, D-M is scheduled to hold a few evening events to celebrate the holiday. Shuttles for the fireworks are scheduled to start running at 5:30 p.m. from Heritage Park, the Sonoran Science Academy and Borman Elementary School. Pre-firework events are slated to begin at 6 p.m. at Bama Park featuring live music by...
 

 

Giving life through the Living Donor Program

  As Airmen, it is our responsibility to help each other, as well as our civilian counterparts from day to day. But what if the need was greater than something as simple as a ride to work? What if it was as great as a kidney donation? Located in Sacramento, Calif., The University of California...
 
 

Balancing career, family through career intermission program

  KADENA AIR BASE, Japan (AFNS) — Being in the U.S. military can be a tough balance between career and family. For some, it comes down to a choice between the two; however, for Katie Evans, a temporarily separated captain and the former 18th Force Support Squadron manpower and personnel flight commander here, it’s about...
 
 

One AWACS lands at D-M for Boneyard Storage

One NATO E-3A AWACS (Airborne Warning and Control System) departed NATO Air Base Geilenkirchen, Germany and landed around 1 p.m. June 23, for storage in the ‘Boneyard’. This is the first ever NATO AWACS to be retired. The decision to retire one E-3A was made by the North Atlantic Council in an effort to modernize the...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>