One of the objects of Massachusetts Retirees United has been to get a bill filed at the federal level that will enable retirees to subtract their health care premiums from their pensions and or Social Security before each are federally taxed. Last week I spoke with Congressman Tierney (D- MA) and he gave me the cost of the bill. His office wants to determine if there is real interest in the bill before they file it.
Those still working in the private or public sector get this benefit. NARFE (National Active Retired Federal Employees) has filed legislation for those who retired under a federal pension to get this benefit. They estimate the amount of savings in tax dollars is $400 to $800. Those retired from a Public Safety job get to subtract up to $3,000 of their premiums from their pensions before they are federally taxed.
If you would like to see this legislation filed we need your help.
What YOU Can Do:
Please help out in this. I know if we get it filed we will be able to
muster the support to get it passed. Please share with everyone you know.
Thank you,
Marie Ardito
Information Coordinator Massachusetts Retirees United.
Any questions email me at mardito@retireesunited.org