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

I.  Fringe Benefits   (Effective 01/01/2017 -  6/30/2017)
 

A.

  State Retirement 16.89%

B.

  FICA ( Social Security ) 7.65%

C.

  Unemployment Compensation .01%

D.

  Worker's Compensation .37%

                     Total                          24.92%


           E.  Health Insurance - (effective 01/01/2017 - 6/30/2017)

         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 $366.48 $ 13.48 $ 379.96 $4,560
Employee / Spouse $722.48 $13.48 $735.96 $8,832
Employee / Child $ 560.60 $13.48 $574.08 $6,889
Full Family $903.68 $1348 $917.16 $11,006

 

          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 $506.61
Employee / Spouse $981.28
Employee / Child $765.44
Full Family $1,222.88
          For a faculty member (with spouse) on a nine-month appointment, the monthly rate is $981.28
	         [735.96 x 12 =  8,831.52  / 9  = 981.28

II.  Calculation of Fringe Benefits

Faculty, Staff, and Postdoctoral Associates

( A+B+C+D ) x Salary + (E X % EFFORT)

24.92% x Salary + Health Ins.

Faculty Summer Salary Only

( A+B+C+D )  x Salary

24.92% x  Salary

TERI Employees:

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

24.92% x Salary + Health Ins.

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

( D ) x  Salary

.37% x  Salary

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

( B+C+D )  x Salary

8,03% x  Salary

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

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