Year,Maximum annual pensionable earnings,Basic exemption amount,Maximum contributory earnings,Employee and employer contribution rate (%),Maximum annual employee and employer contribution,Maximum annual self-employed contribution 2023,"$66,600","$3,500","$63,100",5.95,"$3,754.45","$7,508.90" 2022,"$64,900","$3,500","$61,400",5.7,"$3,499.80","$6,999.60" 2021,"$61,600","$3,500","$58,100",5.45,"$3,166.45","$6,332.90" 2020,"$58,700","$3,500","$55,200",5.25,"$2,898.00","$5,796.00" 2019,"$57,400","$3,500","$53,900",5.1,"$2,748.90","$5,497.80" 2018 ,"$55,900","$3,500","$52,400",4.95,"$2,593.80","$5,187.60" 2017,"$55,300","$3,500","$51,800",4.95,"$2,564.10","$5,128.20" 2016,"$54,900","$3,500","$51,400",4.95,"$2,544.30","$5,088.60" 2015,"$53,600","$3,500","$50,100",4.95,"$2,479.95","$4,959.90" 2014,"$52,500","$3,500","$49,000",4.95,"$2,425.50","$4,851.00" 2013,"$51,100","$3,500","$47,600",4.95,"$2,356.20","$4,712.40" 2012,"$50,100","$3,500","$46,600",4.95,"$2,306.70","$4,613.40" 2011,"$48,300","$3,500","$44,800",4.95,"$2,217.60","$4,435.20" 2010,"$47,200","$3,500","$43,700",4.95,"$2,163.15","$4,326.30"