Benefits For Active Employees
Social Security and Medicare
The current contribution rate is 6.2% for Social Security (Oasdi) and 1.45% for Medicare. PSU also contributes the same amount for FICA taxes for each employee. In 2013, the maximum contribution for Social Security is $7,049.40 ($113,700.00 gross maximum). There is no maximum contribution for Medicare.
Certain employees may be exempt from FICA. Student employees and graduate assistants who meet specific enrollment criteria and certain non-resident aliens do not contribute to FICA.
For more information, visit the Social Security web site.