Some pensioners getting more than $40 000 a year from the National Insurance Department are hopping mad over the way they are being taxed.
Several former Government workers contacted the SUNDAY SUN to complain they were now being taxed in some cases for as much as $1 000 more than what their calendar year pension was last year.
Others said they were now being taxed for 14 months instead of 12, while others said that they were being taxed in 2012 for January 2013 cheques.
One National Insurance Scheme (NIS) official explained that the cheques were issued in cycles and not monthly, and had “always” been done that way.
“We pay into the future unlike other pension schemes that pay at the end of the month. For instance, our next cashing day is next Monday but the cycle covers up to May 19,” the official said.
