Paul Sams, president of the North Carolina unit of the Retired Federal Employees Association, talked to the group about how taxation varies from state to state for retired employees. In some states, the amount may vary based on the date of retirement.
He said the National Active and Retired Federal Employees contributes more to Alzheimer’s research than other organizations.
North Carolina chapters made the largest donation except in 2009, when the Veterans Administration gave a larger one-time gift. Studies show that retirees give more to a state than they receive. For each third retiree, a job is created.
Retirees volunteer with hospitals, churches, children’s organizations and environmental causes.
Retirees often live in debt-free taxable homes and increase property sales tax receipts. Their presence in a community stimulates growth of services, increases taxes and stabilizes businesses..
Sams said retirees spend their money at home, are usually environmentally
friendly and require less help from law enforcement. The chapter hosts guest
speakers throughout the year who
provide information that may benefit members. To join or for information, call Helen George at (910) 739-8998.