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3.6 FICA Withholding |
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Federal law requires that FICA (Social Security) tax be paid on sick pay and disability income benefits during the first six months of an Employee’s absence from work.
This law also makes employers or third-party payers, such as health and welfare funds, responsible for withholding the appropriate amount (currently 7.65%) from weekly disability income payments.
Example: An Employee is involved in an automobile accident on Sunday causing him to miss two weeks of work. Instead of receiving maximum weekly disability income benefits totaling $170 for the first week (2 days at $85 per day) and $425 for the second week, the payments would be reduced to $156.99 ($170 - (.0765 x $170) for the first week and $392.49 ($425 - (.0765 x $425) for the second week. |
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St. Louis Graphic Arts Joint Health & Welfare Fund
14323 South Outer Forty Rd. - Suite S106
Chesterfield, Missouri 63017 |
Fund Office: (314) 878-1579
twesthues@slgahw.org
Fax: (314) 275-2640 |
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If you have any comments about this web site, please contact us at twesthues@slgahw.org. |
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