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Subject:  Medicare deduction NonQualified pension plans Date:  7/12/2000  2:59 PM
Author:  sethk Number:  37389 of 129653

Anyone out there familiar with 26 CFR Parts 31 & 602 which apparantly now obligates beneficiaries of nonqualified pensions to pay medicare tax up front for the life of their pension. I retired 2+ years ago with such a plan and am now being hit with an immediate monster tab for medicare taxes based on the value of the total payments (the company says) I can expect to receive.....20 years out!!!! Company sent a corrected 1998 W-2C to the SSA with the numbers. Is this all correct? Thanks
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