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

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.

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