Benefits Budgeting
2020-21 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 |
21.68%
|
of budgeted salary |
Optional Retirement |
13.61%
|
of budgeted salary |
Medical |
$6,326
|
current rate per year |
- If budgeting for a .75 time position, budget benefits as follows:
Social Security |
7.65%
|
of budgeted salary |
State Retirement |
21.68%
|
of budgeted salary |
Optional Retirement |
13.61%
|
of budgeted salary |
Medical |
$6,326
|
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 |
21.68%
|
of budgeted salary |
Optional Retirement |
13.61%
|
of budgeted salary |
Medical |
pro-rate for amount needed
|
$6,326 divided by 12 months, times the number of months needed for the remainder of the fiscal year. |
Temp Positions
- If budgeting for a SHRA or EHRA temp position, budget benefits as follows:
Social Security |
7.65%
|
of budgeted salary |
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