Policies

Policies

Social Security

Effective Date Dec 1, 2014

Applicable Employee Classes:

All Florida Tech Employees

Reviewed Date:

December 2014

Approved by:

Dr. T. Dwayne McCay, President

6.11 Social Security

Federal Social Security (FICA) provides you with a variety of benefits, including old age retirement payments, death benefits, disability insurance and monthly income payments to certain dependent survivors of covered workers. A percentage of your gross salary is deducted as your contribution for this protection. The university contributes an amount equal to that deducted from your salary. The federal laws governing Social Security are continually changing; amounts deducted from your salary and the schedules of benefits are continually changing and, therefore, are not discussed here. If you have specific questions about your Social Security benefits, contact your local Social Security Office.