Benefits Budgeting
2012-13 Rates
Permanent Positions
- If budgeting for a three quarter time and greater position, budget benefits as follows:
| Social Security | 7.65% |
of budgeted salary |
| State Retirement | 14.23% |
of budgeted salary |
| EPA Optional Retirement | 12.58% |
of budgeted salary |
| Medical | $5,192 |
current rate per year |
- If budgeting for a one half time position, budget benefits as follows:
| Social Security | 7.65% |
of budgeted salary |
| State Retirement | 14.23% |
of budgeted salary |
| EPA Optional Retirement | 12.58% |
of budgeted salary |
| Medical | $2,596 |
General Funds Only - one-half the current rate per year |
Time Limited Positions
- If budgeting for a time-limited position, budget benefits as follows:
| Social Security | 7.65% |
of budgeted salary |
| State Retirement | 14.23% |
of budgeted salary |
| EPA Optional Retirement | 12.58% |
of budgeted salary |
| Medical | pro-rate for amount needed |
$5,192 divided by 12 months, times the number of months needed for the remainder of the fiscal year. |
Temp Positions
- If budgeting for a SPA or EPA temp position, budget benefits as follows:
| Social Security | 7.65% |
of budgeted salary |
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