Social security retirement plan
The State of Βι¶ΉΣ³» signed a 218 agreement with the Social Security Administration in 1954. Under this agreement, the State of Βι¶ΉΣ³» chose to opt out of FICA participation for employees for whom NSHE provides a retirement plan.
Employees who participate in any of NSHE's mandatory retirement plans (RPA, PERS and FICA Alternative) do not contribute the 6.2% deduction to FICA. There is also no employer contribution to FICA.
This means that while employed for the Βι¶ΉΣ³» System of Higher Education (NSHE), you will not be gaining any FICA service credits from NSHE. In addition, your FICA retirement amount received from Social Security could be affected by the retirement you receive from our retirement plans. Upon hire, all employees sign the Federal form SSA-1945 that discusses the above provisions.