FWT: Federal Withholding Tax
SWT: State Taxes
FICA: Social Security Tax- 6.20% Maximum unit of $106,800 for 2010
MED: Medicare Portion of Social Security 1.45%-no limit
UNEMP: Unemployment Tax-.425% Maximum unit of $29,700 for 2010.
FLI: Family Leave Insurance -It is a mandatory deduction of $33.00 per year. This deduction will discontinue after the $33.00 monthly contribution has been met.
P/PEN: Public Employees Retirement System-Deduction from first and second pays. Public Employees Pension deductions include part time, back pension, loans, supplemental annuity, contributory insurance (full or part time) and arrears pension.
T/PEN: Teachers’ Pension and Annuity-Deduction from first and second pays.
Teachers’ Pension deductions include, back pension, loans, supplemental annuity contributory insurance and arrears pension.
T/INS: Contributory Insurance-Teacher
P/INS: Contributory Insurance-Public Employee
NJEA: New Jersey Education Association
DENTL: Dental Contribution
GTL: Group term life insurance-deduction from first and second pays $50,000
T/Loan: TPAF Loan
P/Loan: Personal Loan
HEALTH: Health Benefits Contribution (1.5%)
MEDICAL & DISABILITY
HB BAL: O/S Health Benefits Balance-Deductions taken from first and second pays.
This deduction is taken as a result of an employee’s inability to pay medical coverage due to a medical leave of absence without pay and the Board of Education must subsidize that medical coverage. This money is paid back to the Board of Education via a payroll deduction.
AIG: A/K/A Franklin-Disability insurance.
PRUDIS: Prudential Disability Insurance
PENSION AND UNION DUES
NJEA: NJ Education Association Dues-Once a month deduction from first paycheck.
Credit Union-Deduction from first and second pays.
UAW: Full Dues for Union Membership-deduction from first and second pays.
UAW: Agency Dues-Employees who are not full union members are considered agents and must pay a fee which is less than what is paid for full Union membership. Deduction from first and second pays.
VASA: Dues Vasa & CCPSA
TAX SHELTERS/ADDITIONAL INSURANCE
METLIF: Metlife/Tax Shelter-Deduction from first and second pays
TPAPFX: TPAF/Tax Shelter-Deduction from first and second pays
LINCLN: Lincoln/Tax Shelter-Deduction from first and second pays
SEELY: Tax Shelter-Deduction from first and second pays
PERSTYX: Personal/Tax Shelter-Deduction from first and second pays
EQUIT: Equitable Tax Shelter-Deduction from first and second pays
CHILD SUPPORT & GARNISHMENT
GARN: Garnishment-Deduction from all pays
CHILD: Child support-Deduction from all pays