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

I.  Fringe Benefits   (Effective 07/01/2014 -  12/31/2014)
 

A.

  State Retirement 15.90%

B.

  FICA ( Social Security ) 7.65%

C.

  Unemployment Compensation 0.09%

D.

  Worker's Compensation .55%

                     Total                          24.19%


           E.  Health Insurance - (effective 01/01/2014 - 12/31/2014)

         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 $ 335.20 $ 11.72 $ 346.92 $4,163
Employee / Spouse $660.48 $ 11.72 $ 672.20 $8,066
Employee / Child $ 512.58 $ 11.72 $524.30 $6,292
Full Family $826.06 $ 11.72 $ 837.78 $10,053

 

          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 $462.56
Employee / Spouse $896.27
Employee / Child $699.07
Full Family $1,117.04
          For a faculty member (with spouse) on a nine-month appointment, the monthly rate is $896.27 
	         [672.20 x 12 =  8,066.40 / 9  = 896.27

II.  Calculation of Fringe Benefits

Faculty, Staff, and Postdoctoral Associates

( A+B+C+D ) x Salary + (E X % EFFORT)

24.19% x Salary + Health Ins.

Faculty Summer Salary Only

( A+B+C+D )  x Salary

24.19% x  Salary

TERI Employees:

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

24.19% 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

8.29% x  Salary

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

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