| **Fringe Benefits Calculator included
at bottom of page |
I. Fringe Benefits (Effective 01/01/2009 - 6/30/2009)
|
A. |
State Retirement |
12.89% |
|
B. |
FICA ( Social Security ) |
7.65% |
C. |
Unemployment Compensation |
0.10% |
D. |
Worker's Compensation |
1.05% |
Total 21.69% |
E. Health Insurance - (effective 01/01/2009 - 06/30/2009)
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 |
$ 264.46 |
$ 11.71 |
$ 276.17 |
$ 3,314 |
|
Employee / Spouse |
$ 518.26 |
$ 11.71 |
$ 529.97 |
$
6,360 |
|
Employee / Child |
$ 372.70 |
$ 11.71 |
$ 384.41 |
$
4,613 |
|
Full Family |
$ 606.12 |
$ 11.71 |
$ 617.83 |
$
7,414 |
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 |
$ 368.23 |
|
Employee / Spouse |
$706.63 |
|
Employee / Child |
$ 512.55 |
|
Full Family |
$ 823.77 |
For a faculty member (with spouse) on a nine-month appointment, the monthly rate is $706.63
[529.97 X 12 = 6,359.64 / 9 = 706.63.
II.
Calculation of Fringe Benefits
|
Faculty, Staff, and Postdoctoral
Associates |
(
A+B+C+D ) x Salary + (E X % EFFORT) |
21.69%
x Salary + Health Ins. |
|
Faculty Summer Salary Only |
(
A+B+C+D ) x Salary |
21.69%
x Salary |
|
TERI
Employees: |
( A+B+C+D
) x Salary + (E X % EFFORT or person-months
EFFORT) |
21.69%
x Salary + Health Ins. |
|
Students - Graduate and
Undergraduate when enrolled and regularly attending classes. |
(
D ) x Salary |
1.05% x Salary |
|
Temporary Help*, Unclassified,
Students during Summer (when not enrolled and attending classes). |
(
B+C+D ) x Salary |
8.80%
x Salary |
*Temporary Help (Non-Student) may elect to participate in the SC
Retirement System.
|
