Local 98 is tracking the implementation of the recent executive order to defer payroll taxes. Please check back here for updates.
See below of Local 98 Trustee Tasha Singleton's short video on the problems with the tax deferral and further below, see a recent GovExec story and IFPTE International's official statement.
See below of Local 98 Trustee Tasha Singleton's short video on the problems with the tax deferral and further below, see a recent GovExec story and IFPTE International's official statement.
From GovExec.com: "If the deferment is made permanent, employees could see a lower payout in retirement; if not, employees could receive a large tax bill next year."
https://www.govexec.com/pay-benefits/2020/09/planned-payroll-tax-deferrals-create-minefield-feds/168165/
And the official statement from IFPTE International:
