{"id":2254,"date":"2022-08-22T10:56:01","date_gmt":"2022-08-22T14:56:01","guid":{"rendered":"https:\/\/research.ncsu.edu\/administration\/?page_id=2254"},"modified":"2022-12-05T12:49:28","modified_gmt":"2022-12-05T17:49:28","slug":"fringe-benefits-fy-2020-2021","status":"publish","type":"page","link":"https:\/\/research.ncsu.edu\/administration\/budgeting-guidance\/fringe-benefits\/fringe-benefits-fy-2020-2021\/","title":{"rendered":"Fringe Benefits \u2013 FY 2020-2021"},"content":{"rendered":"\n

Faculty and Professional\/Administrative Staff<\/h2>\n\n\n\n

Benefits<\/h3>\n\n\n\n

30.73% Total Benefits (excluding health insurance)<\/p>\n\n\n

<\/span><\/span>

See Detailed Components<\/h2><\/a>
\n\n\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t
14.78%<\/strong><\/td>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%)<\/td>\n<\/tr>\n
6.68%<\/strong><\/td>for retiree hospital and medical benefits<\/td>\n<\/tr>\n
0.09%<\/strong><\/td>for retiree disability income plans<\/td>\n<\/tr>\n
0.13%<\/strong><\/td>for retiree death benefits plans<\/td>\n<\/tr>\n
6.20%<\/strong><\/td>or federal OASDI\/Social Security<\/td>\n<\/tr>\n
1.45%<\/strong><\/td>for federal FICA\/Medicare and Medicaid<\/td>\n<\/tr>\n
1.40%<\/strong><\/td>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\u2019 Compensation and other expenses due when a permanent employee\u2019s status changes (e.g., retirement, termination, unemployment and disability).<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n<\/div><\/div><\/div>\n\n<\/div><\/div>\n\n\n\n
\n\n\n\n

Health Insurance Direct Costs<\/h3>\n\n\n\n

$6,512<\/strong> per year is the FY 21 fixed employer contribution for employee health insurance (established by the state and subject to revision annually).<\/p>\n\n\n\n

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.<\/em><\/a><\/p>\n\n\n\n

Post-Doctoral Associates<\/h2>\n\n\n\n

Benefits<\/h3>\n\n\n\n

9.05%<\/strong> Total Benefits (excluding health insurance)<\/p>\n\n\n

<\/span><\/span>

See Detailed Components<\/h2><\/a>
\n\n\n\n\t\n\t\n\t
6.20%<\/strong><\/td>for federal OASDI\/Social Security<\/td>\n<\/tr>\n
1.45%<\/strong><\/td>for federal FICA\/Medicare and Medicaid<\/td>\n<\/tr>\n
1.40%<\/strong><\/td>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\u2019 Compensation and other expenses due when a permanent employee\u2019s status changes (e.g., retirement, termination, unemployment and disability).<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n<\/div><\/div><\/div>\n\n<\/div><\/div>\n\n\n\n
\n\n\n\n

Health Insurance Direct Costs<\/h3>\n\n\n\n

$4,326<\/strong> is the FY 21 fixed cost for post-doctoral health insurance. The costs are a fixed cost per year negotiated by UNC System \u2013 (Current Rates<\/a>).<\/p>\n\n\n\n

Graduate Research Assistants<\/h2>\n\n\n\n

Benefits<\/h3>\n\n\n\n

9.05%<\/strong> Total Benefits (excluding health insurance)<\/p>\n\n\n

<\/span><\/span>

See Detailed Components<\/h2><\/a>
\n\n\n\n\t\n\t\n\t
6.20%<\/strong><\/td>for federal OASDI\/Social Security<\/td>\n<\/tr>\n
1.45%<\/strong><\/td>for federal FICA\/Medicare and Medicaid<\/td>\n<\/tr>\n
1.40%<\/strong><\/td>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\u2019 Compensation and other expenses due when a permanent employee\u2019s status changes (e.g., retirement, termination, unemployment and disability).<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n<\/div><\/div><\/div>\n\n<\/div><\/div>\n\n\n\n
\n\n\n\n

Health Insurance Direct Costs<\/h3>\n\n\n\n

$2,620<\/strong>\u00a0Graduate Student Support Plan\u00a0benefit rates<\/a>\u00a0for current academic year (August 1 \u2013 July 31) fixed cost for graduate student health insurance on the RA-TA Plan (GSSP<\/a>). The costs are a fixed cost per year negotiated by NC State.\u00a0If the student meets\u00a0GSSP eligibility requirements<\/a>, they are eligible for enrollment in the RA-TA Health Insurance Plan.<\/p>\n\n\n\n

Temporary\/Biweekly Payroll Employee<\/h2>\n\n\n\n

Benefits<\/h3>\n\n\n\n

9.05%<\/strong> Total Benefits (excluding health insurance)<\/p>\n\n\n

<\/span><\/span>

See Detailed Components<\/h2><\/a>
\n\n\n\n\t\n\t\n\t
6.20%<\/strong><\/td>for federal OASDI\/Social Security<\/td>\n<\/tr>\n
1.45%<\/strong><\/td>for federal FICA\/Medicare and Medicaid<\/td>\n<\/tr>\n
1.40%<\/strong><\/td>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\u2019 Compensation and other expenses due when a permanent employee\u2019s status changes (e.g., retirement, termination, unemployment and disability).<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n<\/div><\/div><\/div>\n\n<\/div><\/div>\n\n","protected":false},"excerpt":{"rendered":"

Faculty and Professional\/Administrative Staff Benefits 30.73% Total Benefits (excluding health insurance) Health Insurance Direct Costs $6,512 per year is the FY 21 fixed employer contribution for employee health insurance (established by…<\/p>\n","protected":false},"author":16,"featured_media":0,"parent":2252,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"source":"","ncst_custom_author":"","ncst_show_custom_author":false,"ncst_dynamicHeaderBlockName":"ncst\/default-header","ncst_dynamicHeaderData":"{\"pageIntro\":\"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. 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