Employee Benefit Rate Components
| Rates | Academic* |
Staff** | |||||
|---|---|---|---|---|---|---|---|
As of January 1, 2002 |
Fixed |
Variable |
Total |
Fixed |
Variable |
Total |
|
| Fixed | |||||||
| Health Plan Contribution | 4.28% |
- |
4.28% |
7.88% |
- |
7.88% |
|
| Dental Plan Contribution | 0.90% |
- |
0.90% |
1.65% |
- |
1.65% |
|
| Vision Contribution | 0.18% |
- |
0.18% |
0.33% |
- |
0.33% |
|
| Non-Industrial Disability Insurance | 0.12% |
- |
0.12% |
0.21% |
- |
0.21% |
|
| Life Insurance (Employer Paid) | 0.08% |
- |
0.08% |
0.14% |
- |
0.14% |
|
| Subtotal fixed rate | 5.56% |
- |
5.56% |
10.21% |
- |
10.21% |
|
| Variable | |||||||
| FICA | |||||||
| OASDI |
- |
6.20% |
6.20% |
- |
6.20% |
6.20% |
|
Medicare |
- |
1.45% |
1.45% |
- |
1.45%
|
1.45% |
|
Total FICA |
- |
7.65% |
7.65% |
- |
7.65% |
7.65% |
|
| Workers' Compensation Insurance | - |
1.28% |
1.28% |
- |
1.28% |
1.28% |
|
| Employee Support Program | - |
0.18% |
0.18% |
- |
0.18% |
0.18% |
|
| Unemployment Insurance | - |
0.24% |
0.24% |
- |
0.24% |
0.24% |
|
| Annuitant Health/Dental Program | - |
1.85% |
1.85% |
- |
1.85% |
1.85% |
|
| Employee Incentive Award Assessment | - |
- |
0.00% |
- |
- |
0.00% |
|
| Staff Retention & Development Assessment | - |
- |
0.00%
|
- |
0.50% |
0.50% |
|
| Subtotal variable rate | - |
11.20% |
11.20% |
- |
11.70% |
11.70% |
|
| TOTAL | 5.56% |
11.20% |
16.76% |
10.21% |
11.70% |
21.91% |
|
Rounded to: |
6.00% |
11.00% |
17.00% |
10.00% |
12.00% |
22.00% |
|
Employee benefit rate components are taken from the Office of the President(OP) Operating Guidance:
*Academic Rates: OP Memo Operating Guidance No. 99-01
**Staff Rates (Updated January 1, 2002): OP Memo Operating Guidance No. 99-01 Supplement
