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Fringe Benefit Rates

Employer Share

Table of fringe benefit rates with column headers and headings to divide into groups of benefits.
Benefit Name FY 22 FY 23 Notes
VRS 16.19% 16.19% Breakdown = 14.46% Retirement + 1.12% Retiree Med + 0.61% Long Term Disability
ORP 11.52% 11.52% Breakdown = 10.40% Retirement + 1.12% Retiree Med
Faculty/Professional Average 12.79% 12.79% Break down = 11.67% Retirement + 1.12% Retiree Med
FICA* 7.65% 7.65%

7.65% up to $147,000

1.45% over $147,000

Group Life Insurance 1.34% 1.34%
Total Rates by Employee Type
Total Rate for Classified/Operational 25.18% 25.18%
Total Rate for Faculty/Professional 21.78% 21.78%
Total Rate for Campus Police 32.60% 35.32% Breakdown = 24.6% Retirement + 1.12% Retiree Med + 0.61% Long Term Disability + 7.65% FICA + 1.34% Group Life Insurance
**These are rates used in E&G budgets and actual charges vary by employee type and election.
Health Insurance
Employee only $8,508.00 $8,508.00
Employee plus one $15,216.00 $15,216.00
Family $22,308.00 $22,308.00
Agency Average $16,269.00 $16,269.00