Message-ID: <20211227161921.701CA75E@telecom2018.csail.mit.edu>
Date: Mon, 27 Dec 2021 16:19:21 +0000 (UTC)
From: Bill Horne <malQassRimiMlation@gmail.com>
Subject: AT&T Cuts Retiree Healthcare & Employee Benefits
in ATT onFebruary 7, 2021
As a recruiter I'm often asked about benefit packages offered by
certain companies. Over the last year there have been substantive
changes in benefits coming from Fortune 500 companies with most of the
changes going the wrong way. We've seen many large corporations choose
to cut employee benefits whether that be pension, 401(k), or
healthcare. Verizon created headlines all the way back in 2005 when
they announced they would freeze their pension program. In the years
to come many corporations followed suite by moving to defined
contribution plans as opposed to defined benefit plans. This trend
culminated in General Electric deciding to freeze the largest pension
fund in the United States. Other corporations have decided to target
401(k) plans. ExxonMobil announced earlier this year that they would
suspend their 401(k) matching program indefinitely. Which brings us to
AT&T ...
https://techstaffer.blog/2021/02/07/att-announces-big-cuts-to-employees-benefits/
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Message-ID: <20211227162831.7CBD675E@telecom2018.csail.mit.edu>
Date: Mon, 27 Dec 2021 16:28:31 +0000 (UTC)
From: Bill Horne <malQassRimiMlation@gmail.com>
Subject: My employer eliminated my life insurance. Can I deduct the
loss?
By Karin Price Mueller
Q. Many AT&T retirees including myself have been stripped of retirement
benefits, some dating back to Ma Bell days. Among the lost benefits starting
this year are the company-sponsored life insurance policy in my name. Am I
able to take a tax deduction for the lost death benefit which had been an
important part of my retirement planning?
- Annoyed
Since tax law changed a few years back, you're correct: There are
fewer items to deduct.
That includes property tax deductions, which were eliminated when SALT
-- the State and Local Tax deduction -- was repealed.
Unfortunately, the loss of this life insurance policy won't help you
on your taxes, either.
https://www.nj.com/news/2021/12/my-employer-eliminated-my-life-insurance-can-i-deduct-the-loss.html
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