Click here for Fringe Benefits Calculator and Percent to Person-Months Conversion  

I.  Fringe Benefits   (Effective 01/01/2016 -  6/30/2016)
 

A.

  State Retirement 16.39%

B.

  FICA ( Social Security ) 7.65%

C.

  Unemployment Compensation .01%

D.

  Worker's Compensation .65%

                     Total                          24.70%


           E.  Health Insurance - (effective 01/01/2011 - 6/30/2016)

         The following rates are to be applied when the faculty/staff is on a twelve month appointment. 

Coverage Type

State Plan Dental Total Month
(12 mo. appt.)
Total Annual
Employee Only $363.60 $ 11.72 $ 375.32 $4,504
Employee / Spouse $716.76 $ 11.72 $ 728.48 $8,742
Employee / Child $ 556.18 $ 11.72 $567.90 $6,815
Full Family $896.54 $ 11.72 $ 908.26 $10,899

 

          The following rates are to be applied when the faculty member has a nine month appointment:

  Coverage Type

Total / Month

( 9 Month Appointment )

Employee Only $500.43
Employee / Spouse $971.31
Employee / Child $757.20
Full Family $1,211.02
          For a faculty member (with spouse) on a nine-month appointment, the monthly rate is $9971.31
	         [728.48 x 12 =  8,741.76  / 9  = 971.31

II.  Calculation of Fringe Benefits

Faculty, Staff, and Postdoctoral Associates

( A+B+C+D ) x Salary + (E X % EFFORT)

24.70% x Salary + Health Ins.

Faculty Summer Salary Only

( A+B+C+D )  x Salary

24.70% x  Salary

TERI Employees:

( A+B+C+D ) x Salary + (E X % EFFORT or person-months EFFORT)

24.70% x Salary + Health Ins.

Students - Graduate and Undergraduate when enrolled and regularly attending classes.

( D ) x  Salary

.65% x  Salary

Temporary Help*, Unclassified, Students during Summer (when not enrolled and attending classes).

( B+C+D )  x Salary

8.31% x  Salary

*Temporary Help (Non-Student) may elect to participate in the SC Retirement System.

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