MTAS Publications: Technical Bulletins
Document Type
Bulletin
Publication Date
11-16-1987
Abstract
This Technical Bulletin discusses a Budget Reconciliation Bill designed to reduce the federal budget deficit by raising eighteen (18) billion dollars in the next three (3) years. The reconciliation legislation included a provision that required all state and local government employees hired after April 1, 1986 to be covered by the Medicare portion of the Social Security Tax. The new bill required both employers and employees to pay a tax of 1.45% on the first $42,000 of income earned by an employee.
Recommended Citation
Stokes, Richard, "Technical Bulletins: Mandatory Medicare Coverage for Newly Hired State and Local Workers" (1987). MTAS Publications: Technical Bulletins.
https://trace.tennessee.edu/utk_mtastech/242
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Comments
The MTAS publications provided on this website are archival documents intended for informational purposes only and should not be considered as authoritative. The content contained in these publications may be outdated, and the laws referenced therein may have changed or may not be applicable to your city or circumstances. For current information, please visit the MTAS website at: http://mtas.tennessee.edu