9.10 D. Income Tax Withholding Under the 414(h) Tax Deferred Plan

When calculating federal or state income tax withholding, the 4.5% (6.5% SLEP before June 1, 2006, and 7.50% on and after June 1, 2006, 7.5% ECO) Regular IMRF member contributions should be subtracted from the gross wage.

Example:

Gross Wage

$500.00

4.5 % member contribution

   22.50

Base withholding on this amount

$477.50

 

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