- 3 - 1996, which, in addition to announcing completion of the merger, stated: West's past success and our future growth, as the legal publishing headquarters for Thomson, is a reflection of the tremendous effort of the entire West community. As announced in February, the Board of Directors approved the special payout of $1,000 for each year of service, with a minimum of $5,000 and a maximum of $25,000 per eligible employee/retiree. The special payment, subject to applicable tax withholding and any other deductions required by law, will be distributed on June 24, 1996, in recognition of the contributions of the more than 6,000 full-time employees and retirees. It is our understanding that under current Social Security law, your Social Security earnings should not be negatively affected. However, you must report the payment to Social Security as a "Special Payment" that is the result of your prior years of West service. A letter detailing the information you will need to provide to Social Security will be sent to you with the special payment check. Shortly thereafter, petitioner received a payment of $25,000 from the Company. The accompanying cover letter stated, in part, that the "special payment" was subject to "applicable tax withholding and any other deductions required by law" and advised that, if the recipient was a retiree and was receiving Social Security benefits, the Social Security Administration should be notified that the $25,000 payment was attributable to years of service prior to 1996 to avoid any diminution of such retiree's Social Security benefits due to income "earned" in 1996. Petitioner notified the Social Security Administration.Page: Previous 1 2 3 4 5 6 7 Next
Last modified: May 25, 2011