| (This is nothing Official! Just approximate Take Home Pay I was computing). | ||||||||||
| Mutual 50/10 Retirement - 'MSR' | edit: | |||||||||
| July 25th, 2006 | ||||||||||
| 88's | (Based on (A=) Short Order 392 Folks) | |||||||||
| $916.20 | Monthly Basic Benefit ($50.90 x 18 years) | |||||||||
| $896.40 | Monthly Temp. Benefit ($49.80 x 18 years) | Credited years do go by tenths, | ||||||||
| $1812.60 | Monthly Gross ($21,751 gross year) | so if yours is '18.4' yrs, multiply | ||||||||
| -$212 | Taxes approx. Fed ($167) & Ohio ($45) | the '$50.90' and $49.80 by '18.4' | ||||||||
| $1600.60 | Monthly Take Home Pay approx. | |||||||||
| Example, at the end of October I'll have: | ||||||||||
| 18.7 yrs x $50.90 = | $951.83 | (Basic) | ||||||||
| 85's | (Based on (A=) Short Order 392 Folks) | 18.7 yrs x $49.80 = | $931.26 | (Temp) | ||||||
| $1068.90 | Monthly Basic Benefit ($50.90 x 21 years) | For a total of -- | $1883.09 | |||||||
| $1045.80 | Monthly Temp. Benefit ($49.80 x 21 years) | (minus Fed & Ohio Tax) | -199 | |||||||
| $2114.70 | Monthly Gross ($25,376 gross year) | $1684.09 | Take Home | |||||||
| -$268 | Taxes approx. Fed ($212) & Ohio ($59) | (Fed tax calc. Single 2 Exempts +$15 = $151mth) | ||||||||
| $1846.70 | Monthly Take Home Pay approx. | (If Fed tax calc Single 1 Exemption = $177 mth) | ||||||||
| (Ohio Tax would be around $48 mth) | ||||||||||
| 93's | (Based on (A=) Short Order 392 Folks) | |||||||||
| $661.70 | Monthly Basic Benefit ($50.90 x 13 years) | For your own Credited Service | ||||||||
| $647.40 | Monthly Temp. Benefit ($49.80 x 13 years) | Basic Benefits, & Temp Benefits, | ||||||||
| $1309.10 | Monthly Gross ($15,709 gross year) | call Fidelity Benefit Center: | ||||||||
| -$116 | Taxes approx. Fed ($91) & Ohio ($25) | 1-877-389-2374 | ||||||||
| $1193.10 | Monthly Take Home Pay approx. | http://www.yourdelphibenefits.com | ||||||||
| 94's | (Based on (A=) Short Order 392 Folks) | |||||||||
| $610.80 | Monthly Basic Benefit ($50.90 x 12 years) | Federal Tax calculated - Single 1 Exemption: | ||||||||
| $597.60 | Monthly Temp. Benefit ($49.80 x 12 years) | https://apps.opm.gov/tax_calc/withhold_calc/ | ||||||||
| $1208.40 | Monthly Gross ($14,500 gross year) | |||||||||
| -$97 | Taxes approx. Fed ($76) & Ohio ($21) | FICA taxes not taken out of retirements | ||||||||
| $1111.40 | Monthly Take Home Pay approx. | (No local/city taxes were figured in) | ||||||||
| Comparison with possible future wages: | ||||||||||
| $16.50 hr / $433 week approx after taxes / $1734 month (approx. after taxes and medical) | ||||||||||
| $12.50 hr / $321 week approx after taxes / $1248 month (approx. after taxes and medical) | ||||||||||
| Base Hourly Rate from 9/18/06 onwards: | Basic Benefit 10/1/06 & after: | |||||||||
| A - Less than $26.93 (Short Order 392's) | equals= | A = $50.90 (Short Order 392's) | ||||||||
| B - $26.93 but less than $27.22 | equals= | B = $51.15 | Pg 6 & 80 of red 2003 | |||||||
| C - $27.22 but less than $28.42 | equals= | C = $51.40 | Pension Plan Book | |||||||
| D - $28.42 & over | equals= | D = $51.65 | ||||||||
| Base Hourly Rate 9/19/05 to 9/18/06: | Basic Benefit 10/1/05 thru 9/1/06: | |||||||||
| A - Less than $26.15 (Short Order is $25.96) | equals= | A = $49.85 (Short Order 392's) | ||||||||
| B - $26.25 but less than $26.43 | equals= | B = $50.10 | ||||||||
| C - $26.43 but less than $27.59 | equals= | C = $50.35 | ||||||||
| D - $27.59 & over | equals= | D = $50.60 | ||||||||
| Temporary Benefit - Mutuals: | Page 8 of 2003 red | |||||||||
| $49.80 | Pension Plan Book | |||||||||
| Ohio Tax - 2006 | Witholding | Plus | of Excess Over: | |||||||
| $0-$5,000 | $0 | 0.774% | $0 | of Excess | ||||||
| $5,000-$10,000 | $38.70 | 1.547% | $5,000 | Ohio Tax | Witholding | Plus | Over: | |||
| $10,000-$15,000 | $116.05 | 3.094% | $10,000 | $40,000-$80,000 | $1,392.55 | 5.416% | $40,000 | |||
| $15,000-$20,000 | $270.75 | 3.868% | $15,000 | $80,000-$100,000 | $3,558.95 | 6.189% | $80,000 | |||
| $20,000-$40,000 | $464.15 | 4.642% | $20,000 | $100,000 and over | $4,796.75 | 7.736% | $100,000 | |||
| Union - 330-392-1591 (Please call the Benefit Rep to calculate your own MSR wages). | ||||||||||
| This is just a possible scenario type personal worksheet I made, it's nothing official! | ||||||||||
| http://diversityj.com/DelphiGM | ||||||||||