FICA Alternative Plan - Benefits and Rewards Benefits and Rewards » UFHR » University of Florida

FICA Alternative Plan

The FICA Alternative Plan is a defined contribution plan authorized under Section 401(a) of the Internal Revenue Code. Employees in certain temporary positions are mandated to participate in lieu of earning credit for Social Security. Participants contribute 7.50% of their wages and decide how to allocate the money in their account among the available investment funds. The benefit depends on the amount of money contributed and its growth over time.


Who participates?

  • Adjunct Faculty
  • Post Docs
  • Housestaff
  • OPS Employees (Both Exempt and Non-Exempt)

Who does not participate?

  • Faculty
  • USPS
  • Students
  • Grad Assistants
  • Fellows
  • Phased Retirees
  • Rehired Retirees


Enrollment is automatic.

Contribution Rates

  • Mandatory Employee: 7.50% of biweekly earnings
  • Voluntary Employee contributions are not permitted to this plan





Loans and hardship withdrawals are not permitted.

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