Social Security Offset Clause Samples
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Social Security Offset. (greater than 7.65%) - Ministers are responsible for a social security tax that is calculated at a rate of 15.3% of effective salary. Churches are responsible for paying to the minister at least 50% of that amount- (7.65%). Churches that pay the minister a social security offset in excess of 7.65% should report the excess amount in box 5. (Please note - do not enter any amounts for social security in box 5 that are 50% or less.)
Social Security Offset. (7.65% of all effective salary(3) including housing, utilities allowance, taxable medical supplement, deferred income, unvouchered allowance, and other applicable income)
Social Security Offset. The benefits shall be offset by Social Security after five (5) months of continuous disability.
Social Security Offset. (greater than 7.65%) - Ministers are responsible for a social security tax that is calculated at a rate of 15.3
Social Security Offset. Disability payment described herein shall be offset by Social Security disability payment due or received by the employee. An employee determined to be disabled for an indefinite period shall be obligated to apply for benefits from the Social Security Administration, and such Social Security disability payments received by the employee for any period during which the employee is being paid under the Court’s disability compensation program shall be repaid by the employee to the Court.
Social Security Offset. There shall be no offset for Social Security retirement benefits received by a member.