Fringe Benefit Rates
EMPLOYER COSTS OF REQUIRED BENEFITS
Effective: Fiscal Year 2008-2009
These rates are based on the retirement code as reflected in PeopleSoft. Employee Option benefits such as Health Insurance State Life insurance, AND any Clinical Benefits (if applicable) should be added to the the fringe benefits to give a total fringe benefit amount.
OP (Optional Retirement Plan) = 18.67 %
Rate is total of: 10.43% Retirement + 7.65% FICA + 0.50% Worker's Comp + 0.09% Unemployment Comp |
ON (Optional Retirement with no FICA) = 11.02 %
Rate is total of: 10.43% Retirement + 0.50% Worker's Comp + 0.09% Unemployment Comp |
RA (Florida Reemployed Retired Member) = 18.09%
Rate is total of: 9.85% Retirement + 7.65% FICA + 0.50% Worker's Comp + 0.09% Unemployment Comp |
HA or PA (Florida Retirement System) = 18.09 %
Rate is total of: 9.85% Retirement + 7.65% FICA + 0.50% Worker's Comp + 0.09% Unemployment Comp |
HB (Florida Retirement System-Special Risk) = 29.16 %
Rate is total of: 20.92% Retirement + 7.65% FICA + Rate is total of: 0.50% Worker's Comp + 0.09% Unemployment Comp |
DP (Drop) = 19.15%
Rate is total of: 10.91% Retirement + 7.65% FICA + 0.50% Worker's Comp + 0.09% Unemployment Comp |
DT (Drop) = 11.50%
Rate is total of: 10.91% Retirement + 0.50% Worker's Comp + 0.09% Unemployment Comp |
ZM = 2.04%
(NON-STUDENT OPS, POST DOCS, & RESIDENTS)
Rate is total of: 1.45% FICA (Medicare only)+ 0.50% Worker's Comp + 0.09% Unemployment Comp |
NA = .59 %
(Postdocs w/o FICA)
Rate is total of: 0.50% Worker's Comp + 0.09% Unemployment Comp |
ZX = 0.59%
(STUDENT OPS)
Rate is total of: 0.50% Worker's Comp + 0.09% Unemployment Comp
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