Social Security and Medicare
Faculty members participate in the Federal Social Security and Medicare Systems by making contributions, equally with the University, through payroll deduction. Contributions are made at the rate of 6.20 percent on earnings up to the Social Security Taxable Wage Base for Social Security, and at the rate of 1.45 percent on all earnings for Medicare Hospital Insurance.
Members of the faculty (excluding visitors) whose duty time is 50 percent or greater for appointments of five months or more are eligible to participate in the benefit described above. The University intends to continue each of the benefit plans but reserves the right to terminate or amend any plan at any time and for any reason. Any inquiries concerning details of the benefit listed here should be addressed to the Office of Human Resources, 1 New South Building, (609) 258-3300. More detailed information can also be found on the Human Resources website.