Social Security Taxable Wage Base definition

Social Security Taxable Wage Base means the contribution and benefit base attributable to the OASDI portion of Social Security employment taxes under Section 230 of the Social Security Act (42 U.S.C. ss.430) in effect on the first day of each Plan Year.

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Social Security Taxable Wage Base means the contribution and benefit base attributable to the OASDI portion of Social Security employment taxes under Section 230 of the Social Security Act (42 U.S.C. Section 430) in effect on the first day of each Plan Year.

Social Security Taxable Wage Base means the contribution and benefit base attributable to the OASDI portion of Social Security employment taxes under Section 230 of the Social Security Act (42 U.S.C. - §430) in effect on the first day of each Plan Year.

Examples of Social Security Taxable Wage Base in a sentence

The Executive’s Adjusted Final Average pay shall equal the Executive’s Final Average Pay reduced by the 36-month rolling average Social Security Taxable Wage Base as of the Executive’s date of termination for any reason calculated in a manner consistent with the “DEPP” component of the Dow Employees’ Pension Plan as in effect on the date hereof.
Years 0-9 4% of Compensation Years 10-19 5% of Compensation Years 20 or more 6% of Compensation Additional 1% for Compensation above the Social Security Taxable Wage Base.
The Social Security Taxable Wage Base or such lesser percentage of the Social Security Taxable Wage Base elected by the Employer in the Adoption Agreement.
Excess Pay for this purpose shall mean Pay in excess of the Social Security Taxable Wage Base for the calendar year which includes the first day of the Plan Year.
The amount allocated to each such Member shall be determined by the ratio which the sum of each such Member's (i) Compensation for the Plan Year plus (ii) Compensation in excess of the amount equal to 40% of the Social Security Taxable Wage Base ("Wage Base") in effect under section 230 of the Social Security Act for such Plan Year is to the sum of all Members' (i) Compensation plus (ii) Compensation in excess of the amount equal to 40% of the Wage Base.

More Definitions of Social Security Taxable Wage Base

Social Security Taxable Wage Base means the maximum amount of earnings subject to payroll taxes in a given year, as announced annually by the Social Security Administration.

Social Security Taxable Wage Base means, with respect to any calendar year, the contribution and benefit base in effect under Section 230 of the Social Security Act at the beginning of the calendar year.

Social Security Taxable Wage Base. — means the amount of Earnings, as determined under the Social Security Act each year, subject to the Social Security OASDI tax for Old Age, Survivors and Disability Income benefits.

Social Security Taxable Wage Base means, with respect to any calendar year, the maximum amount of earnings which may be considered wages for such year under Section 3121(a) of the Internal Revenue Code.

Social Security Taxable Wage Base means the contribution and benefit limit in effect under Section 230 of the Social Security Act on the first day of the Plan Year.

Social Security Taxable Wage Base means the contribution and benefit limit in effect under Section 3121(a)(1) of the Code.

Social Security Taxable Wage Base means the maximum annual amount of earnings which are subject to Old Age Survivors and Disability Insurance taxes for any calendar year.