Social Security Trustees Project Increase in Wage Base for 2017

On June 23, the Board of Trustees of the Social Security Trust Fund issued its annual report on the financial condition of the social security program. The report estimates that the social security wage base will be $126,000 in 2017 (up from $118,500 this year). The RCUH will amend its Fringe Benefits Schedule once this SSA wage base becomes official.