2008 Annual Dues
Our annual dues are payable in advance (option to pay quarterly after first year of membership) and are computed on the following basis:
4.0% of the amount paid as the employer's share of Social Security (Old Age, Survivor, and Disability Insurance) of Federal Insurance Contribution Act taxes (FICA) for all of your employees in the region(s) covered by this membership in the last four (4) full quarters preceding the date of the application. The total annual membership dues shall not be less than $1075 nor more than $4,300.
For public (governmental) employers who are FICA exempt, you may calculate the dues as follows: 4.0% of 6.2% of your payroll for the last 12 months, excluding any individual annual salary amount over the appropriate Social Security tax limit for the year ($94,2000 for 2006). The total annual membership dues shall not be less than $1075 nor more than $4,300.
Employers with multiple locations may be subject to our multi-membership rate of $6,650.
Example of Dues Calculation
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Single / Public Membership
Assumptions |
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60 |
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= |
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Number of employees on payroll in region to be covered by membership |
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$1,800,000 |
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= |
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Total annual payroll of 60 employees
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Calculations |
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$111,600 |
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= |
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Social Security portion of FICA taxes
6.2% x $1,800,000 |
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$4,464 |
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= |
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Computed Annual
MSEC Membership Dues
4.0% x $111,600
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Your Dues: |
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$4,300 |
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= |
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Maximum MSEC Membership Dues
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