PAYCHECK ABBREVIATIONS - Bloomfield Hills
PAYCHECK ABBREVIATIONS
Fiscal year (July 1 - June 30)
EARNINGS
DESCRIPTION
***RETIREMENT GROSS Reitrement earnings
RETIREES PAY
Non-retirement earnings
STUDENTS PAY
Non-retirement earnings
Calendar year (Jan 1 - Dec 31)
EARNINGS
DESCRIPTION
NR FLEX OPT OUT
Cash in lieu of Medical Insurance
NR FLEX-RISK $
Health Risk Assessment Rebate for annual physical
NR TAXABLE LIFE
Taxable value of life insurance in excess of $50,000
TAXES
FICA - OASDI - HI
FEDERAL STATE MI
PONTIAC MI DETROIT MI
DESCRIPTION
Federal Insurance Contribution Act
Old, Age, Survivor Disability Insurance (SOCIAL SECURITY)
Health Insurance (MEDICARE)
Federal Income Tax
State Income Tax - Michigan
Filing Status
Number of allowances
Examples
S (Single) M (Married)
#
Local Income Tax - Pontiac
Local Income Tax - Detroit
M2 S1
DEDUCTIONS DESCRIPTION
RETIREMENT DEDUCTIONS
The following deductions are deducted before some taxes are calculated
PRETAX - subject to FICA taxes
MIP FIXED
Member Investment Plan Fixed Benefit Plan
MIP GRADED
Member Investment Plan Graded Benefit Plan
MIP PLUS & HYBD
Member Investment Plan Plus Benefit Plan
EE BASIC 4%
Basic 4% Benefit Plan
EE MIP 7%
Member Investment Plan (MIP) 7% Benefit Plan
EE HYBRID DC
Defined Contribution-Pension Plus and DC Benefit Plans
EE PHF 2%
Personal Health Fund
MIP HEALTH ADJ
If adjustment is needed to MIP deductions
TDP RETIRE
Tax Deferred Payment
PRETAX - non taxable
RETIRE HLTH XMT
Retire Health Plan Contribution
PRETAX - non taxable ER HSA LUMP SUM EE HSA. ER FSA LUMP SUM HC-REIMBURSEMENT CHILD CARE REIM PRETAX PREM-MED PRETAX PREM-DEN PRETAX PREM-VIS EE-EMP OPT LIFE
ELECTED DEDUCTIONS
Health Saving Plan District Contribution Health Saving Plan Flexible Saving Account District Contribution Health Care Reimbursement Child Care Reimbursement Premium - Medical Premium - Dental Premium - Vision Employee Optional Life Insurance Premiums
The following items are deducted after taxes are calculated
POST TAX DEDUCTIONS
EE-DEP OPT LIFE
Dependent Optional Life Insurance Premiums
LT CARE INS 1
Long Term Care Insurance Plan 1 Premiums
LT CARE INS 2
Long Term Care Insurance Plan 2 Premiums
TAX Taxable Taxable Taxable
FEDERAL Yes Yes Yes
Taxable
Yes
Taxable
Yes
Taxable
Yes
6.20% 1.45% Tax Table 4.25%
1.00% 2.40%
Percentage
3.90% Graded % Graded %
4% 7% 2%/6% 2%
FEDERAL No No No No No No No No No
3%
No
FEDERAL No No No No No No No No No
STATE Yes Yes Yes
FICA-OASDI Yes Yes Yes
FICA-HI Yes Yes Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
STATE No No No No No No No No No
No
FICA-OASDI Yes Yes Yes Yes Yes Yes Yes Yes Yes
No
FICA-HI Yes Yes Yes Yes Yes Yes Yes Yes Yes
No
STATE No No No No No No No No No
FICA-OASDI No No No No No No No No No
FICA-HI No No No No No No No No No
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