The Social Security wage base for OASDI will be $76,200 for calendar year 2000.
This is a $3,600 increase from the 1999 wage base of $72,600. The OASDI tax rate remains
at 6.2% for both employees and employers. The maximum OASDI employee contribution for
2000 will be $4,724.40. There continues to be no limit on wages subject to the Medicare
tax in 2000. Medicare tax rates for employers and employees remain at 1.45%.
For Federal employees at Kansas State University who were hired prior to January 1,
1984, the employee contribution rate for reduced FICA remains at 1.45 % on all wages
subject to the tax (there has been no maximum contribution since January 1, 1994).
Federal employees hired after January 1, 1984 will have a maximum contribution of
$4,724.40 for OASDI and no maximum for Medicare. The employer and employee rates continue
to be the same.
For Kansas Police and Fireman's program participants, who are subject to the mandated Medicare
coverage, the contribution rate remains at 1.45% on all wages subject to the tax (there has been
no maximum contribution since January 1, 1994).
SAM:JJM:RDB
