Fringe Benefits – FY 2018-2019

Show estimated fringe benefit costs as separate budget lines or object codes in a cost reimbursement budget. The university establishes individual rates for the categories of employee listed below.

Faculty and Professional/Administrative Staff

Benefits

26.91% Total Benefits (excluding health insurance)

12.29%for The State Employees Retirement System (TSERS) Pension Fund, for all other full time State Personnel Act (SPA) and Exempt from Personnel Act (EPA) Professional/Administrative Staff. (For faculty participating in the Optional Retirement System, substitute 6.84%)
6.27%for retiree hospital & medical benefits
0.14%for retiree disability income plans, and
0.16%for retiree death benefits plans.
6.20%or federal OASDI/Social Security
1.45%for federal FICA/Medicare and Medicaid
0.4%Fixed Benefit Composite Rate. This component, collected monthly from every payroll account, is used to pay required expenses not attributable to a single project or department. It includes Workers’ Compensation and other expenses due when a permanent employee’s status changes (e.g. retirement, termination, unemployment, and disability).


Health Insurance Direct Costs

$6,104 per year is the FY 19 fixed employer contribution for employee health insurance (established by the State and subject to revision annually).
Please remember that for academic year appointees, health insurance is charged over the 9-month appointment (1/9 of annual insurance costs per month). No additional insurance costs apply to summer salary.

Post-Doctoral Associates

Benefits

8.05% Total Benefits (excluding health insurance)

6.20%for federal OASDI/Social Security
1.45%for federal FICA/Medicare and Medicaid
0.4%Fixed Benefit Composite Rate. This component, collected monthly from every payroll account, is used to pay required expenses not attributable to a single project or department. It includes Workers’ Compensation and other expenses due when a permanent employee’s status changes (e.g. retirement, termination, unemployment, and disability).


Health Insurance Direct Costs

$3,939 is the FY 19 fixed cost for post-doctoral health insurance. The costs are a fixed cost per year negotiated by UNC System – (Current Rates).

Graduate Research Assistants

Benefits

8.05% Total Benefits (excluding health insurance)

6.20%for federal OASDI/Social Security
1.45%for federal FICA/Medicare and Medicaid
0.4%Fixed Benefit Composite Rate. This component, collected monthly from every payroll account, is used to pay required expenses not attributable to a single project or department. It includes Workers’ Compensation and other expenses due when a permanent employee’s status changes (e.g. retirement, termination, unemployment, and disability).


Health Insurance Direct Costs

$2,250 Graduate Student Support Plan benefit rates for current academic year (August 1 – July 31) fixed cost for graduate student health insurance on the RA-TA Plan (GSSP). The costs are a fixed cost per year negotiated by NC State.

If the student meets GSSP eligibility requirements, they are eligible for enrollment in the RA-TA Health Insurance Plan.

Temporary/Biweekly Payroll Employee

Benefits

8.05% Total Benefits (excluding health insurance)

6.20%for federal OASDI/Social Security
1.45%for federal FICA/Medicare and Medicaid
0.4%Fixed Benefit Composite Rate. This component, collected monthly from every payroll account, is used to pay required expenses not attributable to a single project or department. It includes Workers’ Compensation and other expenses due when a permanent employee’s status changes (e.g. retirement, termination, unemployment, and disability).