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Professionals' Column April 4, 2008  RSS feed


Current Pension Topics: DCP: No Social Security Hit
      Q.: What impact does my 30-percent contribution to the pre-tax Deferred Comp Plan have on my future Social Security benefits? E.W. A.: None. The benefits afforded under the Deferred Compensation Plan (DCP) of the City of New York are separate and distinct from the benefits you are accruing under Social Security.
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Your Social Security
      We're deep into tax season, and the days left for filing are numbered. Millions of taxpayers are busy gathering all the forms and documents they need to file their Federal, state and local tax returns. It is important to remember that some people who receive Social Security may have to pay taxes on a portion of their benefits.
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