From pamella.johnson at state.or.us Tue Oct 16 09:54:22 2012 From: pamella.johnson at state.or.us (Pamella Johnson) Date: Tue, 16 Oct 2012 09:54:22 -0700 Subject: [OSSSA218] Fwd: 2013 Social Security COLA References: Message-ID: <507D2ECD.CD1F.0048.1@PERS.STATE.OR.US> Good morning: I am forwarding an email from our SSA contact, Tim Beard, with updates on 2013 COLA, election worker thresholds, etc. Pamella Johnson Oregon State Social Security Coordinator Oregon PERS 503.603.7633 >>> "Beard, Tim" 10/16/2012 7:45 AM >>> All- You may well have seen this announcement in the news today, but if not, the 2013 Social Security COLA figures were released this morning. The Social Security wage base is going up to $113,700 and employee Social Security withholding is returning to 6.2%. (Of course, Congress could decide to alter the tax rate at the last minute but, from my perspective, that does not seem likely.) The election worker threshold is also going up $100, to $1600. See www.socialsecurity.gov/cola, http://www.socialsecurity.gov/pressoffice/factsheets/colafacts2013.htm, and http://www.socialsecurity.gov/OACT/COLA/CovThresh.html for more details. Tim Beard Employer Services Liaison Officer Social Security Administration, Seattle 206 615-2125