Benefits Budgeting
2017-18 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 |
17.13%
|
of budgeted salary |
| Optional Retirement |
13.03%
|
of budgeted salary |
| Medical |
$5,869
|
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 |
17.13%
|
of budgeted salary |
| Optional Retirement |
13.03%
|
of budgeted salary |
| Medical |
$2,935
|
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 |
17.13%
|
of budgeted salary |
| Optional Retirement |
13.03%
|
of budgeted salary |
| Medical |
pro-rate for amount needed
|
$5,869 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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