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

I.  Fringe Benefits   (Effective 01/01/2015 -  6/30/2015)
 

A.

  State Retirement 15.90%

B.

  FICA ( Social Security ) 7.65%

C.

  Unemployment Compensation .01%

D.

  Worker's Compensation .65%

                     Total                          24.21%


           E.  Health Insurance - (effective 01/01/2015 - 6/30/2015)

         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 $ 344.58 $ 11.72 $ 356.30 $4,276
Employee / Spouse $682.54 $ 11.72 $ 694.26 $8,331
Employee / Child $ 528.88 $ 11.72 $540.60 $6,487
Full Family $854.58 $ 11.72 $ 866.30 $10,396

 

          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 $475.07
Employee / Spouse $925.68
Employee / Child $720.80
Full Family $1,155.07
          For a faculty member (with spouse) on a nine-month appointment, the monthly rate is $925.68 
	         [694.26 x 12 =  8,331.12  / 9  = 925.68

II.  Calculation of Fringe Benefits

Faculty, Staff, and Postdoctoral Associates

( A+B+C+D ) x Salary + (E X % EFFORT)

24.21% x Salary + Health Ins.

Faculty Summer Salary Only

( A+B+C+D )  x Salary

24.21% x  Salary

TERI Employees:

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

24.21% 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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