How is the OASI covered wage calculated? »

4) How is the OASI covered wage calculated?

The gross pay amount is increased by the following:

Longevity pay
Emolument

and

decreased by the following:

Pre-tax Health employee pre-tax amount 
Pre-tax Dental employee pre-tax amount 
Pre-tax Vision employee pre-tax amount 
Pre-tax ADD employee pre-tax amount
Pre-tax Parking employee pre-tax amount
Spending account deduction for health care 
Spending account deduction for dependent care, and
Spending account administration fees.

This page was last updated on 07/19/2013.