Revised FY2018-19 Fringe Benefits Schedule – FICA Adjustments

TO:                      Principal Investigators, Fiscal Administrators, Project Administrators

FROM:                  Nelson Sakamoto, Director of Human Resources

Effective January 1, 2019, the Social Security/OASDI maximum wage base will increase to $132,900 up from $128,400 in 2018. Earnings above the Social Security wage base in a given payroll year are not subject to the 6.2% Social Security taxes.  As in prior years, there is no limit to the wages subject to the Medicare tax; therefore, all covered wages are still subject to the 1.45% tax.

The RCUH Policy 3.510 RCUH Fringe Benefits Schedule has been updated to reflect the adjustments to the FICA limit.

Please plan accordingly for these changes. If you have any questions, please feel free to contact RCUH Human Resources at [email protected] or (808) 956-3100.