Hi all,
I work for a large academic medical center and we were all recently informed about this - it is California legislation signed in June 2022 but the application process is just beginning from now until next month.
It is a little complex but basically eligible CA hospital/SNF healthcare workers (and connected clinics) can receive bonuses paid from the state (through the employer) of anywhere from $750-$1500 (see details on links, full time vs part time, employer matches, etc).
The employer is responsible for applying (not the individual/worker) and then pays it out (funds are from CA) - likely by January 2023. Here are the links below - thought many CA healthcare worker bogleheads may be interested.
https://www.dhcs.ca.gov/Pages/Hospital- ... ments.aspx - MAIN PAGE
https://www.dhcs.ca.gov/Pages/WRP-Eligibility.aspx - HELPFUL FAQ PAGE with information on eligibility and payments
Actionable Questions -
1) For those aware of this already or after reviewing, does anyone see how this would be taxed? Assuming W2 income so federal/FICA but not sure about state tax
2) They mention the eligible amount of state payments but then mention matching employer payments - all the info from our employer is vague though, does this match look like it is required?
CA Healthcare Worker Retention Payments 2022
- MoleMan1349
- Posts: 68
- Joined: Tue Apr 04, 2017 10:56 pm
- Location: California
CA Healthcare Worker Retention Payments 2022
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