Fringe Benefits
Fringe Benefits Rates
Staff Benefit amounts that are charged to the departments for "benefits eligible employees." Premium sharing is a per month charge.
| Item | Staff Benefits | Amount | Limitations | |||
|---|---|---|---|---|---|---|
|
1 |
OASI |
6.2% (.0620) Social Security Tax |
Wage Base Limit for Social Security = $168,600 to 12/31/24 |
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|
2 |
RETIREMENT |
TRS 8.25% = (.0825) |
Teacher Retirement Matching Optional Retirement Matching
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|
3 |
UCI |
.553% = (.00553) |
First $9,000 in calendar year. (Note: this percentage is subject to change without notice if it is determined to be insufficient to cover unemployment claims) |
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|
4 |
WCI |
.168% = (.00168) |
No limit |
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|
5 |
VSL |
1.50% = (.0150) |
No limit |
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|
6 |
Premium Sharing rates for 2024-2025 |
Insurance Selected UT Select |
Employee Only $780.24 |
Employee & Spouse $1,189.20 |
Employee & Child $1041.90 |
Employee & Family $1,453.34 |
Premium Sharing Benefits are Paid Monthly
Benefits calculation for Temporary and Occasional Employees (not eligible for full-time benefits) = gross salary X 8.672%, (Items 1, 3, 4 above). Note: Effective for wages earned after 06/30/2000, under the student FICA exemption work-study students are not subject to UCI.
| OASI | 6.2% + 1.45% = 7.65% | 7.65% | .0765 |
| UCI | .553% first $9,000 | .553% | .00553 |
| WCI | .168% | .168% |
.00168 |
| TOTAL | 8.371% | .08371 |
For more information about your fringe benefits, visit the following web sites: