FRINGE BENEFITS & HEALTH INSURANCE
Use the "Salary Calculator", or use the information below to calculate Fringe Benefits for your proposals. Remember that Health Insurance Costs must be added to Fringe Benefits for a total amount to request, when applicable. If the employee has State of Florida Group Term Life Insurance, add 0.24% to the fringe rate.
| FRINGE
BENEFITS RATES - EFFECTIVE DATE: 7/14/06 |
ORP (Optional Retirement Plan) = 19.18% (Includes Faculty and TEAMS) Rate is a total of: 10.43% Retirement + 7.65% OASDI and Medicare Tax + 0.98% Worker's Comp + 0.12% Unemployment Comp. |
FRS (Florida Retirement System) =18.60% (Includes Faculty, TEAMS, or USPS) Rate is a total of: 9.85% Retirement + 7.65% OASDI and Medicare Tax + 0.98% Worker's Comp + 0.12% Unemployment Comp. |
DROP (Deferred Retirement Option Program) = 19.66% Rate is a total of: 10.91% Retirement + 7.65% OASDI and Medicare Tax + 0.98% Worker's Comp + 0.12% Unemployment Comp. |
Postdoctoral Associates - FICA Alternative = 2.55% Rate is a total of 1.45% OASDI and Medicare Tax + 0.98% Worker's Comp + 0.12% Unemployment Comp. |
Non-Student OPS = 8.75% Rate is a total of 7.65% OASDI and Medicare Tax + 0.98% Worker's Comp + 0.12% Unemployment Comp. |
Non-Student OPS - FICA Alternative - 2.55% Rate is a total of 1.45% Medicare + 0.98% Worker's Comp + 0.12% Unemployment Comp. |
Graduate Assistants, Student OPS = 0.98% Rate is for .98% Worker's Comp |
| HEALTH
INSURANCE RATES - EFFECTIVE DATE: 3/9/07 |
| Family Coverage - $10,032 per year |
| Individual Coverage - $4,791 per year |
| Spousal Coverage - $6,096 per year |
| Graduate Assistants - $1,570 per year |
| TERM
LIFE INSURANCE RATES - EFFECTIVE DATE: 3/9/07 |
STATE Life for USPS, A&P,
Teams, Postdocs, Faculty 0.31% of salary requested |
USPS, A&P, Faculty, PhD, postdoctoral associate and graduate assistant positions are eligible for insurance reimbursement on grant proposals.
MD's and Residents are not eligible for insurance reimbursement on grant proposals.
