• Supreme Court Decision Resolves a Circuit Split Regarding Whether Payments of Certain Severance Payments Constitute “Wages” for Purposes of FICA
  • April 3, 2014 | Authors: Alexander P. Apostolopoulos; Matthew M. Friestedt; Andrew S. Mason
  • Law Firm: Sullivan & Cromwell LLP - New York Office
  • Today, the Supreme Court resolved a split between the Circuit Courts of Appeals related to the treatment of certain severance payments for purposes of the Federal Insurance Contributions Act (“FICA”), holding that such payments constitute “wages” for such purposes.