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Most Participants in Large State & Local Government Plans Face Immediate New Tax if Pick Up Repealed (PDF)
National Council on Teacher Retirement 
Oct. 12, 2005
2 pages. Excerpt: According to a recent survey, over 80% of participants in large state and local government plans would be subjected to an immediate new tax if the pick up of employee contributions is repealed. The repeal appears as a proposal in a Joint Committee on Taxation (JCT) staff report, Options to Improve Tax Compliance and Reform Tax Expenditures (JCS-0205 (2005).
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