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Chester Upland Education Association |
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Last Revised: 02/09/12 06:43 PM
Dues: $784.00 Here are answers to some questions from many of us: Does this mean that next year's W2 will have 27 pays reported? No. Next year’s W-2 will have 26 pays in it. I counted out the payrolls for next year and in the calendar year January through December 2012 the are 26 pays that will be reported on the 2012 W-2. However, there were 27 pays that reported on last year’s W-2 (2011). It’s just the timing of when payrolls hit. The
26 pays for 2012 as well as the one carried over from this year? Why isn't it reported that way on our pay stubs? It is reported correctly on your pay stub. Your pay stub will report Year To Date pays received from January 1 through December 31 of a calendar year. The last paycheck you receive in December of any calendar year should match your W-2. We have reported it that way on your pay stub, with the exception of the first pay stub in January where we accidentally carried over the previous year’s earnings. As mentioned in my previous email we have corrected that mistake. Are
the pay stubs reporting the 12/23/11 pay for both 2011 and 2012? For W-2 reporting, think in terms of when you actually got paid, not in terms of a pay periods ending or earned. Pay periods end about a week and a half before staff members actually receive their pay. The IRS is only interested in the pay an individual actually receives in a calendar year. As a result, you will only get taxed on payments received in that year, nothing more, nothing less. I hope this helps. If you still have questions feel free to contact Natalie, Herb, or Robert Bruchak. They want to make sure we clear up questions that are out there and staff members have confidence in the Business Office. The Chester Upland School District School Board has appointed Dr. Tony Watson,Acting Superintendent.
Approaching Medicare --65th Birthday Please inform all members who are approaching their 65th birthday, that one must register for Medicare part B in the period covering the three (3) months prior to one becoming age 65, as well as three (3) months following one's 65th birthday. If a person does not enroll in Medicare Part B when first eligible, he/she may sign up from January 1 through March 1 of each year. However, one will incur a premium penalty which will never go away!
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Act 48 Hours It has been reported that Act 48 hours have been suspended for two years. Please continue to keep track of your Act 48 hours and the hours anyone obtains will still be reported. Further information will be forthcoming.
We are IU #25; Intermediate Unit IU #
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