The following percentages should be used on budgets accompanying proposals.
Fringe Benefit Rates FY24 (July 1, 2023 - June 30, 2024)
| Employee Type | Group Insurance
(Account 732300) | Retirement
(Account 732300) | Terminal Leave
(Account 732300) | Unemployment Insurance
(Account 732320) | Employer Medical Assistance Contribution
(Account 732320) | Medicare Tax
(Account 732320) | Paid Family and Medical Leave | Health & Welfare not included in state rate
(Account 732200) | Total |
|---|---|---|---|---|---|---|---|---|---|
| Full Time Benefited | 24.93% | 16.69% | 1.58% | 0.13% | 0.07% | 1.58% | 0.33% | *$16.50 per week | 45.31% |
| Part Time Non-Benefited | - | - | - | 0.13% | 0.07% | 1.58% | 0.33% | - | 2.11% |
| Faculty Additional Compensation | - | - | - | 0.13% | 0.07% | 1.58% | 0.33% | - | 2.11% |
| Student Employees | - | - | - | 0.13% | 0.07% | 1.58% | 0.33% | - | 2.11% |
| Research Assistants | - | - | - | - | - | - | **11.43% | 0.00% |
* Not included in total for full-time benefited
** Applicable to RAs that take Health Insurance