SOCIAL SECURITY COVERAGE

Every pay period, you and PHK CPA will contribute a significant percentage of your wages (currently about 7.65% each) into the Social Security system, including Medicaid.  This money provides certain important benefits for each employee. The benefits offered by Social Security include disability payments and medical insurance for you if you become totally disabled for any reason prior to normal retirement; survivor benefits to your spouse and minor children if you die; and also retirement benefits and health insurance for you and your spouse when you reach retirement age.  Information about available Social Security benefits may be obtained from your nearest Social Security office.  Some general information also is available from management.