Employee Deduction Rates
2008 Tax Rates
| Employee | Employer | Total | Maximum Wages | |
|---|---|---|---|---|
| OASI | 6.20% | 6.20% | 12.40% | $102,000 |
| Medicare | 1.45% | 1.45% | 2.90% | All Wages |
| Total | 7.65% | 7.65% | 15.30% |
Retirement
| New rates effective 7/1/08 | Employee | Employer | |
|---|---|---|---|
| PERS 1 | 6.00% | 8.31% | |
| PERS 2 | 5.45% | 8.31% | |
| PERS 3 | See Handbook | 8.31% | |
| LEOFF 2 | 8.83% | 8.99% | |
| TIAA-CREF | Age less than 35 Age 35 to 50 AGe over 50 | 5.00% 7.50% 10.00% | 5.00% 7.50% 10.00% |
Medical/Dental Employer Contribution
$561.00 effective July 1, 2008
Union Dues (Rates effective 01/01/08)
| Employee | Maximum for Month | |
|---|---|---|
| Full Membership | 1.50% | $75.00 |
| Representation Fee | 1.19% | $59.67 |
Med Aid/Sup Pen Rates Effective 01/01/08
| Employee | Employer | Max Hours per Month | |
|---|---|---|---|
| New Rate | $0.07285 | $0.07285 | 160 Hrs ($11.66, $11.66) |
| Old Rate | $0.0334 | $0.0334 | 160 Hrs ($5.34, $5.34) |
Industrial Insurance
| Employee | Employer | Max Hours per Month | |
|---|---|---|---|
| New Rate | $0.0000 | $0.083 | 160 Hrs ($0.00, $13.28) |
| Old Rate | $0.0000 | $0.0858 | 160 Hrs ($0.00, $13.73) |
Volunteer Rate
| Employee | Employer | Max Hours per Month | |
|---|---|---|---|
| New Rate | $0.0000 | $0.0577 | 160 Hrs ($0.00, $9.23) |
| Old Rate | $0.0000 | $0.0508 | 160 Hrs ($0.00, $8.13) |
This information is provided by the Payroll Office. We hope you find it helpful. If you have questions call x6460.