Juneau Approves Pre-Tax Withdraw For Employee Retirement

8/10/11 – The Juneau Common Council last night approved a resolution that many municipalities are finding necessary following collective bargaining reform. It allows the city to withdraw a municipal employee’s contribution to their retirement before taxes are taken out. The new state budget for the first time requires most municipal employees to pay toward their retirement, currently at five-percent. Clerk-Treasurer Gladys McKay says the tax code does not specially allow public employers to remove pension contributions pre-tax. The change will be reflected beginning with August 26 paychecks.