FY 2012 FICA (Social Security) Subsidy

This subsidy is applied by the Statewide Payroll System when the employee is FICA taxable and pays the employee share of FICA.  Employees that are automatically excluded as non-FICA taxable are students, patients and inmates on the Special Payments Payroll (CT).  Others may be excluded by filing the FICA exemption card.  When the employee reaches the FICA OASDI (Old Age, Survivors, and Disability Insurance) tax wage base ($110,100.00 in 2012), the Medicare (Hospital Insurance) tax alone is applied to the additional wages without any wage base limitation.

NOTE:  The employee share of FICA (Social Security) has been reduced for calendar year 2011 and 2012 by 2% to 5.65%.  The employer's share will remain at the full rate of 7.65%.  

Additional Links: Employer Paid Subsidies