Dear Employer,
Effective January 1, 2016, the maximum insurable earning will be increased, by 2.108% from $39,468.00 to $40,300.00.
The following schedule is for ease of reference.
|
Pay Period
|
Maximum Insurable Earnings
|
Contribution
|
Total
|
|
|
Employee
|
Employer
|
|||
|
Weekly
|
$775.00
|
$31.00
|
$34.88
|
$65.88
|
|
Fortnightly
|
$1,550.00
|
$62.00
|
$69.75
|
$131.75
|
|
Semi-monthly
|
$1,679.17
|
$67.17
|
$75.56
|
$142.73
|
|
Four Weekly
|
$3,100.00
|
$124.00
|
$139.50
|
$263.50
|
|
Monthly
|
$3,358.34
|
$134.33
|
$151.13
|
$285.46
|
|
Annually
|
$40,300.00
|
$1,612.00
|
$1,813.50
|
$3,425.50
|
If you need additional information, please contact the Contribution Department at 494-6833 or 494-3418, extension 231.
Please click below to see official letter.
