- Date of Last Review/Update: 06-02-2023
- Updated Status:
- Employee Benefit Rates - BC*
|Benefit & Object Code||Rate||Calculation|
|Group Insurance/Benefits 5625||22.82||Based on the anticipated budget level for salaries of academic staff, professional staff, and clerical and service staff.|
|FICA 5760||6.55||Based on the total salary and wages budgeted that are subject to FICA.|
|Retirement Exempt 5772||11.19||Based on the total participants budgeted salaries.|
|(PERF) Retirement Non-Exempt 5773||11.06||Based on the total participants budgeted salaries and those wages budgeted in PERF hourly, object code 3050.|
Academic Faculty and Exempt Staff total benefit rate is 40.56%. Non-exempt staff total benefit rate is 40.56%.
**See “FY 2023-24 Employee Benefit Calculation Percentages” document.