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Employee Benefit Rates

Salary and Benefits: Employee Benefit Rates - BC*

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Employee Benefit Rates - BC*

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Table 1: Employee Benefit Rates for 2019-20**

Benefit & Object Code	Rate	Calculation
Group Insurance/ Fee Courtesy 5625	21.24	Based on the anticipated budget level for salaries of academic staff, professional staff, and clerical and service staff.
FICA 5760	6.62	Based on the total salary and wages budgeted that are subject to FICA.
Retirement Exempt 5772	11.45	Based on the total participants budgeted salaries.
(PERF) Retirement Non-Exempt 5773	12.13	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 39.31%. Non-exempt staff total benefit rate is 39.99%.

*Budget Construction
**See “FY 2019-20 Employee Benefit Calculation Percentages” document.

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