Why am I being paid less than last year? What the h3ll is going on?
14 replies (most recent on top)
FYI. 2023 FICA maxes out at $160,200. For 2024, it is $168,600
Good grief there's an angry crowd on here. The last commenter was probably the correct answer. Given the unseasonably good bonus last year, it's likely you hit your Social Security maximum. Check your paychecks in August/September/October and see if one of them was $400 better until end of year. Also, depending on your elections for annual enrollment, your healthcare / hsa / 401k may have increased.
Probably FICA. You make so much you maxed out last year so this year the withholding started again.
"They found out you are a white man and now you paid reparations to the DEI fund!
Thanks for helping justice and equity!"
Cr--ker babble
UAW contract adjustment.
Becuase you've increased your contribution to your 401K. Congratulations!!!
Lazy hrs
I'm sure Ford HR communicated this to you. They never do anything without communicating! 🤣
I'm guessing life insurance. The year you hit 55 your life insurance goes through the roof at Ford. They may lay off engineers but they certainly hire and retain a lot of actuaries.
It's inflation. You should give Biden a call, he will print out more money and compensate you. 😂
I just looked at my stub and I got $400.00 more Thank you
2024 Benefits Cost changes?
I checked, my "base pay" is the same.
Now we can ask why is my take home pay buying me $400 less of material goods like groceries, utilities, tires, clothing, etc...
But that is another subject better left off this board.
Probably to fund the millions in bonuses if your superiors.
That $400 is for the model e fund.
By golly model e is going to be in the black this year!