Security cap definition
Examples of Security cap in a sentence
The premium payment of 0.8% of the employee’s wage (up to the Social Security cap) is to be assessed for each employee in the bargaining unit commencing January 1, 2023; and, of this 0.40% premium payment to the State, the employee is required to pay 72.76% and the City is required to pay 27.24% of this total premium per pay period.
The employer’s premium is 36.667% of the 0.4% of each Full Time Faculty’s gross wages, up to the Social Security cap, Full Time Faculty are responsible for the 63.333% of the premium.
Premiums for benefits are established by law and for the period ending in December 31,2020, will total four-tenths of one percent (0.4%) of employees’ wage up to the Social Security cap ($132,900 for 2019).
The hourly amount of the gratuity is set at 15 % of the hourly Social Security cap defined pursuant to Article L.241-3 of the Social Security code.
The premium payment of 0.40% of the employee’s wage (up to the Social Security cap) is to be assessed for each employee in the Local commencing January 1, 2020; and, of this 0.40% premium payment to the State, the employee is required to pay 63.33% and the County is required to pay 33.67% of this total premium per pay period.
The premium payment of 0.40% of the employee’s wage (up to the Social Security cap) is to be assessed for each employee in the Local commencing January 1, 2020; and, of this 0.40% premium payment to the State, the employee is required to pay 63% and the County is required to pay 37% of this total premium per pay period.