FICA Alternative Plan definition

FICA Alternative Plan. As a resident, you automatically will be enrolled in the University of Florida’s FICA Alternative Plan. Under the provisions of this retirement plan, instead of paying 6.2 % social security taxes post- tax, you will contribute 7.5% of your pre-tax wages into an investment account in your name. The Medicare contributions at 1.45% will continue to be withheld from your biweekly paychecks and will be matched by the University of Florida. Information regarding this program is available at: UF - FICA Alternative Plan Employee Assistance Program (EAP): is designed to help residents and their families with concerns or problems that may be troubling them. The mission of the program is to develop and maintain a positive and productive work environment. The program helps by providing a system of short-term, confidential, professional counseling and referral services to residents and their families. The Resident Policy and Procedure Manual provides details of coverage. UF-Employee Assistance Program (EAP) 24 hours: 833.306.0103, TTY: 800.697.0353

FICA Alternative Plan. As a resident, you automatically will be enrolled in the University of Florida’s FICA Alternative Plan. Under the provisions of this retirement plan, instead of paying 6.2% social security taxes post-tax, you will contribute 7.5% of your pre-tax wages into an investment account in your name. The Medicare contributions at 1.45% will continue to be withheld from your biweekly paychecks and will be matched by the University of Florida. Information regarding this program is available at: UF - FICA Alternative Plan Employee Assistance Program (EAP): EAP is designed to help residents and their families with concerns or problems that may be troubling them. The mission of the program is to develop and maintain a positive and productive work environment. The program helps by providing a system of short-term, confidential, professional counseling and referral services to residents and their families. The Resident Policy and Procedure Manual provides details of coverage. 24 hours: 833.306.0103, TTY: 800.697.0353 Professional Liability Coverage (IR IV.C.2.f): All residents are employees of the University of Florida Board of Trustees (“UFBOT”). As state employees, residents may not be held personally liable in tort or named as a party defendant in any action for any injury or damage suffered as a result of any act, event, or omission of action in the scope of her or his employment or function, unless they acted in bad faith or with malicious purpose or in a manner exhibiting wanton and willful disregard of human rights, safety, or property. Subject to Section 768.28, Florida Statutes, UFBOT is responsible for any civil claims or actions arising from the negligent acts of its employees and agents, including residents in University graduate medical programs. The University of Florida J. Hills Xxxxxx Health Center/Gainesville Self-Insurance Program (“SIP”), a self-insurance program established by the Florida Board of Governors pursuant to Section 1004.24, Florida Statutes, provides professional liability protection to the UFBOT and Xxxxxx Teaching Hospital and Clinics, Inc. for incidents in which patients suffer bodily injury, personal injury, or property damage caused by the negligence of UFBOT residents. SIP also affords residents professional liability protection when residents act in the role of a "Good Samaritan", when involved in community service work that has been pre-approved by the University, and when serving on a University educational assignment outside of Fl...

FICA Alternative Plan. As a resident, you automatically will be enrolled in the University of Florida’s FICA Alternative Plan. Under the provisions of this retirement plan, instead of paying 6.2 % social security taxes post-tax, you will contribute 7.5% of your pre-tax wages into an investment account in your name. The Medicare contributions at 1.45% will continue to be withheld from your biweekly paychecks and will be matched by the University of Florida. Information regarding this program is available at: xxxx://xx.xxx.xxx/benefits/retirement/fica-alternative-plan/ Confidential Counseling: psychological support services are available through the Resident Assistance Program. The Resident Policy and Procedure Manual provide details of coverage.

Examples of FICA Alternative Plan in a sentence

• Temporary personnel do not receive employee benefits other than a matching 1.45% Medicare tax, but are required to contribute 7.5% of salary into an investment account using pre-tax dollars, which is called the FICA Alternative Plan.

• The company chosen to provide the 457(b) FICA Alternative Plan is JEM Resource Partners (JEM), a company with many years of proven expertise in administering retirement plans to public sector employees.

• Adjunct faculty members are enrolled in the FICA Alternative Plan administered by the BENCOR Company.

• Casey Neilon generally determined that the 457b and FICA Alternative Plan financial statements presented fairly, in all material respects, the fiduciary net position of the plan as of June 30, 2021, and the changes in its fiduciary net position for the year then ended in accordance with accounting principles generally accepted in the United States of America.

• However, the FICA Alternative Plan requires only a 7.5% contribution to a retirement account.

• Q: How are deducted contributions to the FICA Alternative Plan made?A: The funds placed in this account are taken out of the paycheck on a before‐tax basis, reducing the individual’s tax liability.

• But the court concluded that parties making this argument must allege they “overpaid for something – either the core product or an ancillary security service – for which they had expressly bargained.” That was not the case here because the plaintiff did not allege the addiction treatment services he received from the treatment center had been diminished as a result of the laptop theft.

• Student intern employees are required to participate in a FICA Alternative Plan in lieu of contributions to Social Security.

• Figure 5 - TBT: Subjects (2001- 2016: HS: 31)1; 14%1; 15%Quality requirements, Protection of Human health or Safety.

• Deductions will be made for the following: Federal Income Tax Withholding Florida Retirement SystemSocial Security (FICA) and FICA/Medicare Contribution/ Alternative Social Security*Florida Retirement SystemOther items designated by the Employee *Adjunct instructors are not covered under Social Security, but instead are enrolled in a 401(a) FICA Alternative Plan, to which 7.5% of salary before taxes is contributed.

More Definitions of FICA Alternative Plan

FICA Alternative Plan. As a resident, you automatically will be enrolled in the University of Florida’s FICA Alternative Plan. Under the provisions of this retirement plan, instead of paying 6.2 % social security taxes post-tax, you will contribute 7.5% of your pre-tax wages into an investment account in your name. The Medicare contributions at 1.45% will continue to be withheld from your biweekly paychecks and will be matched by the University of Florida. Information regarding this program is available at: xxxx://xxx.xx.xxx.xxx/retirement/other/FICA.asp Employee Assistance Program (EAP): is designed to help residents and their families with concerns or problems that may be troubling them. The mission of the program is to develop and maintain a positive and productive work environment. The program helps by providing a system of short-term, confidential, professional counseling and referral services to residents and their families. The Resident Policy and Procedure Manual provides details of coverage. UF-Employee Assistance Program (EAP) 24 hours: (000)000-0000 Email: xxxxxxx@xxxx.xxx.xxx