Dear Employer,
Effective January 1, 2015, the maximum insurable earning will be increased, by 2.24% from $38,610.00 to $39,468.00
The following schedule is for ease of reference.
|
Pay Period
|
Maximum Insurable Earnings
|
Contribution
|
Total
|
|
|
Employee
|
Employer
|
|||
|
Weekly
|
$759.00
|
$30.36
|
$34.16
|
$64.52
|
|
Fortnightly
|
$1,518.00
|
$60.72
|
$68.31
|
$129.03
|
|
Semi-monthly
|
$1,644.50
|
$65.78
|
$74.00
|
$139.78
|
|
Four Weekly
|
$3,036.00
|
$121.44
|
$136.62
|
$258.06
|
|
Monthly
|
$3,289.00
|
$131.56
|
$148.01
|
$279.57
|
|
Annually
|
$39,468.00
|
$1,578.72
|
$1,776.06
|
$3,354.78
|
If you need additional information, please contact the Contribution Department at 494-6833 or 494-3418, extension 231.
Please click here to see official letter.
