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TAX PAID BY HOSPITAL IN 1999


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Posted

I HAVE BEEN RETIRED FOR 7 YEARS AND BEEN COLLECTION MONTHLY PAYMENTS .

THE HOSPITAL PAID ALL OF THE TAXES AGAINST THE DEFERRED BENEFIT AT THE TIME OF MY RETIREMENT AND I WAS UNDER THE IMPRESSION THAT THEY WERE REDUCING MY YEARLY BENEFITS ON AN ACTUARIALLY BASIS OF 26.9 YEARS. NOW I DISCOVER THAT THEY HAVE BEEN REDUCING MY BENEFITS EACH YEAR BY AN AMOUNT MORE THAN TWICE THE ACTUARIALLY AMOUNT. IS THERE ANYTHING IN THE CODE THAT REQUIRES THE HOSPITLA TO RECOVER MORE THAN THE UP FRONT PAYMENT THAN THEY FUNDED. I DO NOT FEEL THE HOSPITAL IS CHARGING ME INTEREST ON THIS UP FRONT PAYMENT BECAUSE THERE IS NOTHING RE. IN THE CONTRACT. BUCK

Posted

Facts are few and far between. More specific?

(Please turn off CapsLock key.)

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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