Minimum and Maximum Funding Bases

For each work group, the government establishes a minimum and a maximum base to use for calculating the common contingencies funding base. This means that for an employee in a specific group, the social security funding base cannot be greater than or less than the maximum or minimum established for that group. For example, if an employee's earnings subject to social security contributions are so high that the calculated funding base exceeds the upper limit, the actual funding base must be reduced to the upper limit. That is, social security contributions are based only on the portion of a payee's salary that is equal to or falls within the upper and lower limits for each group.

Note:

Define the maximum and minimum funding bases for common contingencies on the Work Group page.