Rates are based on the current rate for 2009-10:
- If budgeting for a permanent employee more than one half time (i.e. three quarter time and greater), budget benefits as follows:
Social Security of Budgeted Salary State Retirement of Budgeted Salary EPA Optional Retirement of Budgeted Salary EPA Blended Rate we use blended rate for EPA for budgeting purposes Medical Current rate per year
- If budgeting for an SPA or EPA one half time employee, budget benefits as follows:
Social Security of Budgeted Salary State Retirement of Budgeted Salary EPA Optional Retirement of Budgeted Salary EPA Blended Rate we use blended rate for EPA for budgeting purposes Medical One-half the current rate per year
- If budgeting for a time-limited employee, budget benefits as follows:
Social Security of Budgeted Salary State Retirement of Budgeted Salary EPA Optional Retirement of Budgeted Salary EPA Blended Rate we use blended rate for EPA for budgeting purposes Medical Budget $4,527 divided by 12 months, times the number of months needed for the remainder of the fiscal year.
- If you are using lapsed salaries to fund time-limited positions, non-student temp wages (for non-student temps, budget socal security only), etc. the social security and retirement go with the salary dollars as they are transferred between positions. Medical for all positions stays with the position, so medical for the time-limited position(s) must be funded from the position(s) you are using to fund the time-limited positions.
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