- Date of Last Review/Update: 04-22-2021
- Updated Status:
- Employee Benefit Rates - BC*
|Benefit & Object Code||Rate||Calculation|
|Group Insurance/ Fee Courtesy 5625||20.53||Based on the anticipated budget level for salaries of academic staff, professional staff, and clerical and service staff.|
|FICA 5760||6.98||Based on the total salary and wages budgeted that are subject to FICA.|
|Retirement Exempt 5772||12.34||Based on the total participants budgeted salaries.|
|(PERF) Retirement Non-Exempt 5773||12.47||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 39.85%. Non-exempt staff total benefit rate is 39.98%.
**See “ FY 2021-22 Employee Benefit Calculation Percentages” document.