Fringe Benefits |
Subcode |
FY 2008 Rates | FY 2009 Rates | FY 2010 Rates est. (1) | FY 2011 Rates est. (1) | ||||
|---|---|---|---|---|---|---|---|---|---|
Fringe Benefits |
Workers' Comp |
Fringe Benefits |
Workers' Comp |
Fringe Benefits |
Workers' Comp |
Fringe Benefits |
Workers' Comp |
||
| Full-Time State Retirement | 1010 |
63.74% |
0.86% |
63.83% |
0.89% |
64.83% |
0.89% |
65.83% |
0.89% |
| Alternative Retirement Plan: | |||||||||
Without FICA/Medicare |
1510 |
25.18% |
0.86% |
15.53% |
0.89% |
16.53% |
0.89% |
17.53% |
0.89% |
With FICA/Medicare |
1610 |
34.54% |
0.86% |
32.78% |
0.89% |
33.78% |
0.89% |
34.78% |
0.89% |
With Medicare |
1710 |
26.51% |
0.86% |
24.92% |
0.89% |
25.92% |
0.89% |
26.92% |
0.89% |
| Teachers' Retirement Plan: | |||||||||
Without Medicare |
1310 |
38.01% |
0.86% |
32.22% |
0.89% |
33.22% |
0.89% |
34.22% |
0.89% |
With Medicare |
1410 |
38.83% |
0.86% |
35.58% |
0.89% |
36.58% |
0.89% |
37.58% |
0.89% |
Temporary Labor: |
|||||||||
Without Retirement |
1030 |
7.74% |
0.86% |
7.74% |
0.89% |
8.74% |
0.89% |
9.74% |
0.89% |
With Retirement |
1030 |
18.53% |
0.86% |
13.32% |
0.89% |
14.32% |
0.89% |
15.32% |
0.89% |
| Graduate Assistant (2) | 1150 |
21.06% |
0.86% |
17.94% |
0.89% |
18.94% |
0.89% |
19.94% |
0.89% |
| Student Labor (3) | 1040 |
0.00% |
0.86% |
0.00% |
0.89% |
0.00% |
0.89% |
0.00% |
0.89% |
| Durational - No Benefits | 1930 |
41.56% |
0.86% |
41.43% |
0.89% |
42.43% |
0.89% |
43.43% |
0.89% |
| Durational - Benefits | 1940 |
63.74% |
0.86% |
63.83% |
0.89% |
64.83% |
0.89% |
65.83% |
0.89% |
| Foreign National | 1960 |
21.06% |
0.86% |
17.94% |
0.89% |
18.94% |
0.89% |
19.94% |
0.89% |
(1) Estimated University developed fringe benefit rates. Subject to change pending further refinement and analysis. Internally, the University
will not allocate fringe benefits based on actual costs for Health Insurance, FICA & Medicare and Group Life Insurance.
(2)
Graduate Assistants and Post-Docs who are Foreign Nationals exempt from FICA/Medicare will have a lower rate of 10.29% applied to their
earnings and charged to their account’s 5320 subcode.
(3) A student who is enrolled and regularly attending summer session classes will be exempt from FICA social security/medicare deductions
for the duration of such session(s); otherwise a 7.65% deduction will be applied to earnings during the summer employment, and a corresponding
7.65% fringe cost will be charged to the account's 5320 subcode.
Updated: 7/1/08