U.S.

January 11, 2013

Fiscal cliff legislation affects military, civilian paychecks

American Forces Press Service

WASHINGTON, D.C. — 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, Jan. 4.
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 Federal Insurance Contributions Act, or FICA blocks.

Defense Department civilians will see the change on their leave and earnings statement in the old age, survivors, and disability insurance, or OASDI, block.

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.

Department of Defense civilians will see social security withholding changes reflected in paychecks based on the pay period ending Dec. 29, 2012, for pay dates beginning in Jan. 2013.

Defense Finance and Accounting Service officials stress the importance of reviewing pay statements carefully.




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


 
 

 
U.S. Air Force photo/Senior Airman Joseph Dangidang

452nd Maintenance Group hosts Assumption of Command ceremony

U.S. Air Force photo/Senior Airman Joseph Dangidang From left: Col. Russell A. Muncy (left), commander, 452nd Air Mobility Wing, Chief Master Sgt. Daniel G. Willers (center), command chief, 452nd Maintenance Group, and Col. Ken...
 
 

2014 AFRC Media Contest results

Congratulations to the following representing Team March: Feature Article – first place – Linda Welz (452 AMW/PA) Commentary – second place – Lt Col Beth Horine (4 CTCS when commentary was written) Series – second place – Linda Welz (452 AMW/PA) Feature Photograph – second place – MSgt John Nimmo (4 CTCS) Pictorial Photograph –...
 
 

Overcoming failures: Don’t be a carrot or an egg

You will fail. The question is, how will you respond? This reminds me of a parable of the carrot, egg and coffee. A senior airman was distraught when he learned he did not make staff sergeant after his first time testing. His staff sergeant supervisor saw a teaching opportunity and the next day he filled...
 

 

McKenzie, Faley take command

The 452nd Operations Support Squadron and 452nd Aeromedical Evacuation Squadron held formal Assumption of Command ceremonies at March Field on Saturday, Dec. 13, 2014. Col. Mark Sigler, then commander of the 452nd Operations Group, passed the guidons to Lt. Col. Nick R. McKenzie, who accepted one as the new OSS commander, and to Lt. Col....
 
 
U.S. Air Force photo/Senior Airman Melissa Goslin, U.S. Air Force graphic/Airman 1st Class Tom Brading

The road to fitness: One Airman’s drive to get fit, inspire others

BASE CHARLESTON, S.C. (AFNS) — A photojournalist assigned to the 628th Air Base Wing public affairs office here has lost more than 60 pounds since he began his fitness journey a little more than a year ago. Senior Airman ...
 
 
photo/ Charlie Gill

March communications engineer celebrates his roots

photo/ Charlie Gill Randy Staley makes and plays his own wooden flutes and skin drums. Randy Staley is a communications engineer at the AFN Broadcast Center on March Air Reserve Base. He can carry a tune. He’s not a singer, b...
 




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=""> <strike> <strong>


Directory powered by Business Directory Plugin