Social Security Taxable Wage Base definition

Social Security Taxable Wage Base means the contribution and benefit base attributable to the OASDI portion of Social Security employment taxes under Section 230 of the Social Security Act (42 U.S.C. ss.430) in effect on the first day of each Plan Year.

Social Security Taxable Wage Base means the contribution and benefit base attributable to the OASDI portion of Social Security employment taxes under Section 230 of the Social Security Act (42 U.S.C. - §430) in effect on the first day of each Plan Year.

Social Security Taxable Wage Base means the contribution and benefit base attributable to the OASDI portion of Social Security employment taxes under Section 230 of the Social Security Act (42 U.S.C. Section 430) in effect on the first day of each Plan Year.

Examples of Social Security Taxable Wage Base in a sentence

• Prior to July 1, 2003, the percentage was 2% for covered pay up to 50% of the Social Security Taxable Wage Base and 4% for covered pay in excess of such wage base; effective July 1, 2003, the percentage became 4% for all subsequent covered pay.

• The Executive’s Adjusted Final Average pay shall equal the Executive’s Final Average Pay reduced by the 36-month rolling average Social Security Taxable Wage Base as of the Executive’s date of termination for any reason calculated in a manner consistent with the “DEPP” component of the Dow Employees’ Pension Plan as in effect on the date hereof.

• The term Social Security Taxable Wage Base means the contribution and benefit base in effect under section 230 of the Social Security Act at the beginning of the Plan Year.

• An Eligible Individual’s eligibility for any Plan Year shall be determined as of November 1 of the preceding Plan Year, based on the Eligible Individual’s position and Compensation, and on the Social Security Taxable Wage Base in effect on that November 1 date.

• The term Social Security Integration Level means the Social Security Taxable Wage Base or such lesser amount specified by the Employer in the Adoption Agreement.

More Definitions of Social Security Taxable Wage Base

Social Security Taxable Wage Base means the maximum amount of earnings subject to payroll taxes in a given year, as announced annually by the Social Security Administration.

Social Security Taxable Wage Base means, with respect to any calendar year, the contribution and benefit base in effect under Section 230 of the Social Security Act at the beginning of the calendar year.

Social Security Taxable Wage Base. — means the amount of Earnings, as determined under the Social Security Act each year, subject to the Social Security OASDI tax for Old Age, Survivors and Disability Income benefits.

Social Security Taxable Wage Base means, with respect to any calendar year, the maximum amount of earnings which may be considered wages for such year under Section 3121(a) of the Internal Revenue Code.

Social Security Taxable Wage Base means the contribution and benefit limit in effect under Section 230 of the Social Security Act on the first day of the Plan Year.

Social Security Taxable Wage Base means the contribution and benefit limit in effect under Section 3121(a)(1) of the Code.

Social Security Taxable Wage Base means the amount of wages from which Social Security taxes are required to be withheld in accordance with the Federal Insurance Contributions Act, or any successor act, regulation, or ruling pertaining thereto, which is in effect at the beginning of each Plan Year.