Employer’s Costs for Grant/Contract Funded Positions Fiscal Year 2008-2009

Kyle J. Cavanaugh, Senior Vice President for Administration

The Office of Human Resource Services has prepared a list of employer costs for benefits and retirement as well as federal and state mandated charges that are incurred with all payroll activities.

• SALARIED POSITIONS—Employer (Grant) costs of REQUIRED benefits:

	FRS (regular class)	ORP	DROP
Retirement	9.85%	10.43%	10.91%
OASDI and Medicare Tax	7.65%	7.65%	7.65%
Workers’ Compensation	.50%	.50%	.50%
Unemployment Compensation	.09%	.09%	.09%
Total Employer Cost	18.09%	18.67%	19.15%

• SALARIED POSITIONS—Employer (Grant) costs based on 1.0 FTE for EMPLOYEE benefits:
State Employees’ Group HEALTH Plan

Effective beginning the pay period MAY 16, 2008

Coverage	Monthly	Annually
Individual	$399.26	$4,791.12
Family	$835.98	$10,031.76
Spouse Plan	$507.99	$6,095.88

Effective beginning the pay period April 17, 2009

Coverage	Monthly	Annually
Individual	$448.68	$5,384.16
Family	$947.74	$11,372.88
Spouse Plan	$563.87	$6,766.44

State of Florida Group TERM LIFE INSURANCE
EMPLOYER COST: The basic state life plan costs approximately .31% of the employee’s salary from now until the end of 2008. New rates are tentatively scheduled to take effect on January 1, 2009, starting on pay period 12/12/2008 with the employer’s costs decreasing to approximately .22% of the employee’s salary.

•POST DOCTORAL ASSOCIATES – FICA ALTERNATIVE

Medicare Tax	1.45%
Workers’ Compensation	.50%
Unemployment Compensation	.09%
Total Employer Cost:	2.04% plus employee option for State Employees’ Group HEALTH Plan and State Term LIFE employer cost (see rates above).

• GRADUATE ASSISTANTS

• Graduate assistants and Pre-Doc Fellows on appointments are eligible for a SUBSIDIZED HEALTH INSURANCE BENEFIT

Fall semester 2008 – $589

Spring semester 2009 – $585

summer semester 2009 – $396

• Tuition remission for CONTINUING graduate assistants:

Fall 2007 new graduate students on assistantships for 9 hours is $2,644.11 for fall 2008 and spring 2009

Fall 2006 new graduate students on assistantships for 9 hours is $2,644.11 for fall 2008 and spring 2009

Fall 2005 new graduate students on assistantships for 9 hours is $2,523.87 for fall 2008 and spring 2009

Prior to Fall 2005 graduate students on assistantships for 9 hours is $2,304.36 for fall 2008 and spring 2009

• Tuition remission for new graduate assistants:

Fall 2008 new graduate students on assistantships for 9 hours is $2,644.11 for fall 2008 and spring 2009

• WORKER’S COMPENSATION charges of .50% also apply

• NON-STUDENT OPS – FICA ALTERNATIVE —Employer (Grant) cost of REQUIRED benefits:

• Implementation of the new FICA Alternative Plan in January of 2006 resulted in a change to the employer costs for fringe benefits that will be charged to contract and grant projects in funds 201, 209, 211, 214, 221 and 222 (with the exception of house staff wages charged to projects in Fund 209).

Medicare	1.45%
Workers’ Compensation	.50%
Unemployment Compensation	.09%
Total employer cost	2.04%

• NON-STUDENT OPS—Employer (Grant) cost of REQUIRED benefits:

OASDI and Medicare Tax	7.65%
Worker’s Compensation	.50%
Unemployment Compensation	.09%
Total employer cost	8.24%

• STUDENT OPS EMPLOYEES are covered by WORKER’S COMPENSATION. Charges of .50% will be assessed to Operating Expense accounts at regular intervals by Contracts & Grants Accounting Services.