OASDI

OASDI stands for Old Age Survivors Disability Insurance. Social Security's contributions are funded by both the employee and the university. Each contributes 6.2% of gross salary for a total of 12.4%. Cafeteria plans (flexible spending/pre-tax health insurance) reduces the gross salary and is not subject to Social Security contributions. Student employees are exempt from Social Security and Medicare taxes when enrolled and attending classes.

Last Updated April 26, 2007