I. Fringe Benefits (Effective 01/01/2013 - 06/30/2013)
|
A. |
State Retirement |
15.15% |
|
B. |
FICA ( Social Security ) |
7.65% |
C. |
Unemployment Compensation |
0.10% |
D. |
Worker's Compensation |
.55% |
Total 23.45% |
E. Health Insurance - (effective 01/01/2013 - 06/30/2013)
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 |
$ 308.90 |
$ 11.72 |
$ 320.62
|
$3,847
|
|
Employee / Spouse |
$608.40 |
$ 11.72 |
$ 620.12 |
$
7,441 |
|
Employee / Child |
$ 472.24 |
$ 11.72 |
$483.96 |
$
5,808 |
|
Full Family |
$ 760.86 |
$ 11.72 |
$ 772.58 |
$
9,271 |
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 |
$427.49 |
|
Employee / Spouse |
$826.83 |
|
Employee / Child |
$645.28 |
|
Full Family |
$1,030.11 |
For a faculty member (with spouse) on a nine-month appointment, the monthly rate is $826.83
[620.12 x 12 = 7,441.44 / 9 = 826.83
II.
Calculation of Fringe Benefits
|
Faculty, Staff, and Postdoctoral
Associates |
(
A+B+C+D ) x Salary + (E X % EFFORT) |
23.45%
x Salary + Health Ins. |
|
Faculty Summer Salary Only |
(
A+B+C+D ) x Salary |
23.45%
x Salary |
|
TERI
Employees: |
( A+B+C+D
) x Salary + (E X % EFFORT or person-months
EFFORT) |
23.45%
x Salary + Health Ins. |
|
Students - Graduate and
Undergraduate when enrolled and regularly attending classes. |
(
D ) x Salary |
.55% x Salary |
|
Temporary Help*, Unclassified,
Students during Summer (when not enrolled and attending classes). |
(
B+C+D ) x Salary |
8.30%
x Salary |
*Temporary Help (Non-Student) may elect to participate in the SC
Retirement System.
|
