Updated Retro Calculator
The folks over at FiveFrank.com updated their "retro calculator" to include estimates for OT, Federal and State taxes. They also added a section for different pay scales all the way up to Captain. Nice job.
Labels: info for the police
posted by SCC at 12:01 AM
18 Comments:
Great Job
Thank You for your work 5-F
Just a quick question for those who may know the answer.....If Officer "A" was IOD for let's say a total of 4 months durring this time without a contract, does he still have to pay the taxes for the time he was off ?? Only asking because I know that he is given a tax break for monies earned while IOD but unsure how/if it works with the retro checks. Thanks alot.
Hi,
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Thanks.
CL - 011
Maryland, New Jersey and I think it was Pennsylvania are asking their public employees for either a wage freeze or a 5% cut in salary. Good luck getting retro.
Retro? you guys are still counting how much rero you are going to get and what you might spend it on?
This is sort of like my Lotto Calculator. I wrote a spreadsheet which calculates how much I would end up with, after taxes, and how much per month I would get in interest based on different rates of returns and how many jets etc. I could buy.
Both endeavors are basically a waste of time. I have yet to win Lotto and we have yet to get any retro pay.
I will figure out what I have coming if and when when I get the check and if it looks short or not.
That is all, I must go now and work on my Powerball calculator spreadsheet. Than I will work on the Trifecta Calculator for my next trip out to Arlington. Then maybe the "how much would I get if I found a great big bag of money in the ghetto" calculator.
Gotta go work Special Employment now boys and girls, then I will come home and use my "Special Employment" calculator. Oh wait, I have that one in my head, to the nearest ten bucks.
.
Who cares, the new contract over all will be worse than the current one. Ever notice the benefits package gets worse and they charge you more? Remember when prescription drugs were $3? Now $20? What next $30?
DOES THE POLICE IMPERSONATOR FROM THE 003RD DIST GET A RETRO CHECK
Just a quick question for those who may know the answer.....If Officer "A" was IOD for let's say a total of 4 months durring this time without a contract, does he still have to pay the taxes for the time he was off ?? Only asking because I know that he is given a tax break for monies earned while IOD but unsure how/if it works with the retro checks. Thanks alot.
1/25/2009 02:06:00 AM
thats a great question...because I plan on having 11 months and 29 days of IOD for this year alone!!! A little New Years Day injury that will see me through next Christmas!!! SUCK IT EASY!!! I AINT COMING BACK FOR SHIT!!! Gotta love IOD
They tax pay.
They don't tax benefits.
Don't trade a meager pay raise for a major benefits loss. If the city offers retiree medical benefits at age 55 to 57, and it's ironclad that it will cover ALL OFFICERS NOW EMPLOYED, go for it.
The gain for one year of retired living would be more than any retro check.
The city might offer it because it will eliminate a lot of senior high-pay employees who would soon retire. New officers would have to be hired and those on the job now would get a boost in seniority and promotion possibilities.
To pay for the retiree benefit in the future would be from taxes a long way off.
Stop looking like the "retro check" like it's a Christmas present. It's a bargaining chip, and it might be worth using.
Thanks 5-F and to SCC for for showing us more ways to save money!
RAI R. from unit 132 is worried about his bullshit IOD? Hey fuck you are tax free. Thanks for fucking up our medical in the next contract because of your bullshit.
I was talking to two older Dic’s this morning. They are leaving 15 April. Neither is 60 years old. They both said if the health care issue is agreed upon by then it will be retro active to the day it was agreed too. I know the retro pay is based upon the two contracts that I have been here for. I think they are wrong and would hate to see the City screw them. Anyone with any insight into this?
My dad is 58 and would love to leave today but the threat of what health care could cost in four or five years has him worried. If this was retro he’d leave today.
If some one knows what the answer is (not a guess) please post!
CL! you are one smart cookie!
Who cares about retro pay. Be glad you are working in this terroble economy. You get a raise and still complain. Police officers are never happy. Try working for a living.
get a better web site, and i will take a look at it.
thanks, big time, way to go from all the blue shirts!!!!
Thanks. That federal tax is a killer tho!
Thanks for the calculator. Hey People, be happy we have a job. Some of my friends and family members have taken huge paycuts (mortgage broker, hotel industry, etc.) We are all darn lucky we have this job. It might not be the same as years ago, but its still a secure job with a good retirement.
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