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Revised October 2012 Withholdings under the Supplemental Unemployment Benefit Program for Eligible union-represented Employees (the "Program") 1 The cash benefit under the Program is considered wages for income tax purposes and is subject to income tax withholding, including federal and, if applicable, state and local income taxes. Deductions will be taken from your cash benefit for court-ordered child support, garnishments, bankruptcies and levies. Deductions from your cash benefit related to your elected Insurance Benefits (e.g., Medical/HMO coverage, Optional Employee Life Insurance, Optional Dependent Life Insurance, and Health Care and/or Dependent Care Flexible Spending Accounts) will not continue while you are on layoff status. (However, if you want deductions for Medical/HMO coverage, Optional Employee Life Insurance and Optional Dependent Life Insurance taken from your cash benefit, you will need to submit an Insurance Premium Withholding Authorization.) You must send a check or money order to the Company to cover any costs related to your elected Insurance Benefits not deducted from earnings (you will receive an invoice with payment and mailing instructions). The following deductions will be taken from Program payments: Taxes Child Support Tax Levies Bankruptcies Garnishments Additional Federal Tax Additional State Tax The following deductions will not be taken from Program payments: USS 401(k) Plan contributions (these are not eligible earnings) USS 401(k) Plan loan repayments Medical/HMO Coverage (unless the Withholding Authorization form is submitted) Optional Employee Life Insurance (unless the Withholding Authorization form is submitted) Optional Dependent Life Insurance (unless the Withholding Authorization form is submitted) PAC Charities (United Way, etc.) Credit Union Union Dues 1 This document contains a brief summary only. To the extent this summary may be inconsistent with the provisions of the Corporation's benefit plans and other programs, the provisions of the benefit plans and other programs will control.

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  • Revised October 2012

    Withholdings under the Supplemental Unemployment Benefit Program for Eligible union-represented Employees (the "Program")1

    The cash benefit under the Program is considered wages for income tax purposes and is subject to income tax withholding, including federal and, if applicable, state and local income taxes. Deductions will be taken from your cash benefit for court-ordered child support, garnishments, bankruptcies and levies. Deductions from your cash benefit related to your elected Insurance Benefits (e.g., Medical/HMO coverage, Optional Employee Life Insurance, Optional Dependent Life Insurance, and Health Care and/or Dependent Care Flexible Spending Accounts) will not continue while you are on layoff status. (However, if you want deductions for Medical/HMO coverage, Optional Employee Life Insurance and Optional Dependent Life Insurance taken from your cash benefit, you will need to submit an Insurance Premium Withholding Authorization.) You must send a check or money order to the Company to cover any costs related to your elected Insurance Benefits not deducted from earnings (you will receive an invoice with payment and mailing instructions).

    The following deductions will be taken from Program payments: Taxes Child Support Tax Levies Bankruptcies Garnishments Additional Federal Tax Additional State Tax

    The following deductions will not be taken from Program payments: USS 401(k) Plan contributions (these are not eligible earnings) USS 401(k) Plan loan repayments Medical/HMO Coverage (unless the Withholding Authorization form is submitted) Optional Employee Life Insurance (unless the Withholding Authorization form is submitted) Optional Dependent Life Insurance (unless the Withholding Authorization form is submitted) PAC Charities (United Way, etc.) Credit Union Union Dues

    1 This document contains a brief summary only. To the extent this summary may be inconsistent with the provisions of the Corporation's benefit plans and other programs, the provisions of the benefit plans and other programs will control.