My wife was required to contribute 7% to her retirement plan. Can we reduce her retirement income by the 7%?

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My wife was required to contribute 7% to her retirement plan. Can we reduce her retirement income by the 7%?

No, it is part of the cost of her annuity (pension) at work, and when she retires she will exclude part each month based on her contributions to this plan.

You report the W-2 exactly as she got it.

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My wife was required to contribute 7% to her retirement plan. Can we reduce her retirement income by the 7%?

No, it is part of the cost of her annuity (pension) at work, and when she retires she will exclude part each month based on her contributions to this plan.

You report the W-2 exactly as she got it.

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