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C » Topics » Hypothetical Housing Charges

This excerpt taken from the C 10-K filed Feb 26, 2010.
Hypothetical Housing Charges
Citigroup will deduct a hypothetical housing cost from your expatriate pay each month. Hypothetical housing costs represent an independent estimate of the average expense of housing in New York for a person at your salary level and family size. This deduction can change when there is a change in your base salary and also annually based upon survey data provided by an independent consultant. You agree to this deduction from your pay and acknowledge that it may be less than or may exceed the housing allowance described below, based on housing costs in your assignment location relative to average housing costs in New York.
 
SPECIFIC EXPATRIATE ASSIGNMENT ALLOWANCES
 
Listed below are the major expatriate allowances. Citigroup will pay any taxes due on these allowances.
 
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This excerpt taken from the C 10-Q filed Aug 7, 2009.
Hypothetical Housing Charges

 

Citigroup will deduct a hypothetical housing cost from your expatriate pay each month.  Hypothetical housing costs represent an independent estimate of the average expense of housing in New York for a person at your salary level and family size.  This deduction can change when there is a change in your base salary and also annually based upon survey data provided by an independent consultant.  You agree to this deduction from your pay and acknowledge that it may be less than or may exceed the housing allowance described below, based on housing costs in your assignment location relative to average housing costs in New York.

 

This excerpt taken from the C 10-Q filed May 11, 2009.
Hypothetical Housing Charges

 

Citigroup will deduct a hypothetical housing cost from your expatriate pay each month.  Hypothetical housing costs represent an independent estimate of the average expense of housing in New York for a person at your salary level and family size.  This deduction can change when there is a change in your base salary and also annually based upon survey data provided by an independent consultant.  You agree to this deduction from your pay and acknowledge that it may be less than or may exceed the housing allowance described below, based on housing costs in your assignment location relative to average housing costs in New York.

 

EXCERPTS ON THIS PAGE:

10-K
Feb 26, 2010
10-Q
Aug 7, 2009
10-Q
May 11, 2009

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