澳门开奖结果

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澳门开奖结果
POLICY NUMBER: V D
SUBJECT: SOCIAL SECURITY
APPLIES TO: FACULTY AND STAFF
EFFECTIVE DATE: July 1, 1993
REVISED FROM: February 17, 1990

SOCIAL SECURITY

Each employee of the University except a student employee employed in a student capacity is covered by the Old-Age and Survivors Insurance section of the Social Security Program and, thus, is eligible for benefits in accordance with the laws governing this program.

1. Record Requirements

   1. An employee must have or obtain a Social Security card and must supply a completed Treasury Form W-4 with the proper Social Security number and name as it appears on the Social Security card to Human Resources at the time of initial employment.

   2. If the employee changes his/her name, it is the employee's responsibility to obtain a new Social Security card reflecting the new name to insure that future contributions are properly credited to the employee's account.

2. Payroll Deductions

   1. The Social Security tax (F.I.C.A.) is deducted from the pay of each employee until he/she reaches the maximum contribution during the calendar year.

   2. The Social Security tax is a designated percentage of all earnings to a maximum amount per year. These amounts change periodically according to published federal scale.

3. Deduction Exemptions

   1. Kentucky Employees Retirement System

   2. Kentucky Teachers' Retirement System

1.