Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Backseat Driver

(4,635 posts)
Thu Sep 30, 2021, 05:00 PM Sep 2021

DH just started a new job at a more large-ish big box

store; he going on 74 years old. WTH is this stuff about auto-enrolling in a heavy-handed(?) mandated employee savings plan in the Infrastructure Bill and also having the normal deductions being taken out for FICA and state/local/regional taxes when this job just supplements our SS so we can pay our bills?
He had been working a 40 hr week elsewhere that instantly got cut to 24 hrs earlier in Sept and has not yet even received a correct final paycheck nor funds he would have been entitled to under a corporate policy re mandated store closure because of another employee's CoVid exposure to whom he had not been exposed. The temporary manager didn't feel like scheduling nor doing the payroll--so just didn't so we're going into a broken 3 wk cash-flow situation...as we get set up for DD and a regular FT work schedule at the new place with which his hourly is a great deal more. Sounds like a bunch of GOP misinformation for fright purposes, no?

https://www.yahoo.com/money/democrats-retirement-plan-mandate-is-pretty-heavy-handed-expert-says-200249580.html

I sure hope they're kidding about perhaps SS could be delayed next month if the funds are okayed for keeping the government alive - we pay rent out of DH's; it's always outside the 3 day "grace" the landlord allows without late fees. With the eviction moratoriums done with, it's getting pretty scary! Bad enough costs for everything going up due to the shipping/logistic backlog/slowdowns.

I can't keep up...you think you got things figured, and then WHAM! The stress of this instability is KILLING me even if I am fully 3 shots vaccinated!!!

3 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
DH just started a new job at a more large-ish big box (Original Post) Backseat Driver Sep 2021 OP
Having normal deductions for FICA and taxes seems normal. JustABozoOnThisBus Sep 2021 #1
Go to your state's Department of Labor to file a wage and hours complaint. 3Hotdogs Sep 2021 #3
If you and spouse don't want the savings plan (401k?) marybourg Sep 2021 #2

JustABozoOnThisBus

(23,738 posts)
1. Having normal deductions for FICA and taxes seems normal.
Thu Sep 30, 2021, 05:16 PM
Sep 2021

If too much is taken out, you'll get it back with next year's tax return. If too little is taken out, you'll owe money. Being on Social Security doesn't change that, though your income may impact the amount of tax paid on Social Security income (If I'm remembering right).

Maybe someone smarter than me can comment on auto-enrollment in a mandated saving plan.

Good luck getting your final pay from the former employer. It wouldn't hurt to contact your congress-person.

3Hotdogs

(13,344 posts)
3. Go to your state's Department of Labor to file a wage and hours complaint.
Thu Sep 30, 2021, 06:56 PM
Sep 2021

Regarding SS payments during a shut-down, those payments come from SS's own account and have always been paid during prior shutdowns. In any case, it looks like the shut-down has been "kicked down the road" to the end of the year.

marybourg

(13,138 posts)
2. If you and spouse don't want the savings plan (401k?)
Thu Sep 30, 2021, 06:01 PM
Sep 2021

he can opt out. HR will tell him how.

It was discovered that when opting in to a savings plan is the default setting, more people do participate and save. When a positive action needs to be taken to join a savings plan, fewer people do join, to their and society’s detriment. There may even be employer contributions to sweeten the pot.

But it’s not mandatory, and he can back out, if that’s what the two of you want. It’s not a right wing plot.

Latest Discussions»Support Forums»Seniors»DH just started a new job...