subject: Social Security in the Material Handling Industry [print this page] Author: Data Key Communications Llc Author: Data Key Communications Llc
Dewitt, NY January 5, 2010: Since the Fourth Quarter 2009 issue of The MHEDA Journal Online, the leading online magazine for the forklift, storage and handling, and general material handling equipment industries, was published in October, an online exclusive article has been added to the site that did not appear in the print version of the magazine. Diane Lustenader, a human resources expert from Lake Associates in Albany, NY, tackled the issue of Social Security and Medicare and highlighted how the 2010 numbers for each compare to 2009. The article states, For the first time in history, there is no cost-of-living adjustment (COLA) in 2010. The full retirement age (FRA) is 66. Many of the Social Security figures relate to when a person attains FRA. Lustenader takes the reader through several comparisons, using charts to clearly illustrate how each year matches up to the other. Some facts to note: FICA tax rate remains at 7.65 percent for both employees and employers Maximum monthly benefit at FRA rose to $2,346 Earnings required to earn one credit (maximum of four per year) increased to $1,120. These are only a few of the many interesting tidbits offered in the article Whats New With Social Security in the Fall 2009 issue of The MHEDA Journal Online. Read the full text at http://www.themhedajournal.org/content/4q09/socialsecurity.php. The print magazine was mailed out to subscribers on October 15. The next issue will be published soon, to be mailed out on January 15. Visit http://www.themhedajournal.org to learn more. For more information, contact Chris Powers, editor of The MHEDA Journal, (315) 445-2347, e-mail: chris@datakey.org.About the Author:
About MHEDA
Founded in 1954, the Material Handling Equipment Distributors Association (MHEDA) is the premier source for manufacturing knowledge, education and networking. Through its member journals (http://www.TheMhedaJournal.org), e-magazines, newsletters, and industry wiki (http://www.wikimheda.org), MHEDA connects the manufacturers of storage and handling, lift trucks and conveyor equipment and distribution leaders for the purpose of delivering optimal solutions to the users of those products. MHEDA publications are the industrys voice for all matters related to the latest technology and the most up-to-date processes spanning the movement and storage of all materials. A 501(c)3 organization, MHEDA members span all of North America.
