The Pension Protection Act of 2006 (PPA) allows certain public safety retirees and their survivors to deduct, on their income tax return, from pension income received up to $3,000 in medical, prescription, dental and vision insurance premiums. This deduction is in addition to the general tax rule that allows for deductions if medical expense thresholds are met. Please consult a tax consultant to verify eligibility for this deduction.
The Office of Human Resources (OHR) Health Insurance Team no longer mails PPA letters to public safety retirees or their survivors because the December pension paycheck stub includes the total amount of premiums paid for the year. Please review the December pension paycheck stub to obtain the total premium amounts paid for tax purposes. Retirees who have registered online with AccessMCG can view their paycheck stub online. For additional information on the "Pension Protection Act" click on the link below.