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

I.  Fringe Benefits   (Effective 07/01/2015 -  12/31/2015)
 

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 07/01/2015 - 12/31/2015)

         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 $ 348.08 $ 11.72 $ 359.80 $4,318
Employee / Spouse $686.04 $ 11.72 $ 697.76 $8,373
Employee / Child $ 532.38 $ 11.72 $544.10 $6,529
Full Family $858.08 $ 11.72 $ 869.80 $10,438

 

          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 $479.74
Employee / Spouse $930.35
Employee / Child $725.47
Full Family $1,159.74
          For a faculty member (with spouse) on a nine-month appointment, the monthly rate is $930.35
	         [697.76 x 12 =  8,373.12  / 9  = 930.35

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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