Estimating Fringe Benefits 2018-19

Estimated benefits to be used for budgeting purposes in Fiscal Year 2019.

This information is for budget planning purposes only. For information on benefits, contact the Insurance and Benefits section of Human Resources or the Division of State Group Insurance. Actual rates used in payroll calculation are maintained by Payroll Services; see FSU Policies and Procedures, section OP-D-2, pertaining to Payroll.

Casualty Insurance/Unemployment Compensation

  • Casualty Insurance: Worker's Comp, Federal Civil Rights, & General Liability
  • Unemployment Compensation: temporary income payments to workers who lost their job through no fault of their own

E&G:

The costs for both Casualty Insurance and Unemployment compensation are paid for from a central E&G department.

Auxiliaries:

Casualty Insurance is billed on an annual basis. The cost to Non-E&G funds will be charged in November. The assessment is based on each department's percentage of salary and OPS expenses from two years prior. Unemployment Compensation is billed directly to Auxiliary departments on a quarterly basis, depending upon employees who previously worked for that specific department.

C&G:

An assessment is made on both salaried and OPS C&G appointments to cover these costs. For more information see the Sponsored Research Facts Sheet.

 

Retirement and FICA

New employer contribution rates became effective July 1, 2018.
Employer contribution rates for all plans including those not in use at FSU are available at the Florida Division of Retirement website. Rates subject to the Governor's approval.

Retirement Plan

Code

Retirement Rate

FICA Rate

Regular Florida Retirement System (FRS)

HA/PA

8.26%

7.65%

FRS for re-employed Retirees

RA/QA

8.26%

7.65%

Re-Employed Retirees - Senior Management

RM

24.06%

7.65%

Special Risk

HB/PB

24.50%

7.65%

SUS Optional Retirement Program (ORP)

OP

8.65%

7.65%

SUS Optional Retirement Program (ORP) - Renewed Membership

OS

8.65%

7.65%

DROP from FRS

DP

14.03%

7.65%

FICA Deduction Only

MA

0.00%

7.65%

Renewed Investment Plan CA 8.26% 7.65%
Renewed Membership Optional Programs OA 8.65% 7.65%

FRS for Senior Management Service

HM/PM

24.06%

7.65%

Teachers Retirement (TRS) Plan E

IE

11.90%

0.00%

Retirees Initially Reemployed on or after July 1, 2010 who are not eligible for retirement coverage - Regular Class

UA

5.16%

7.65%

Retirees Initially Reemployed on or after July 1, 2010 who are not eligible for retirement coverage - Senior Management (SMSC)

UM

19.55%

7.65%

Non-Student/Non-FSU Student OPS

ZZ

0.00%

7.65%

FSU Exempt Student OPS

ZX

0.00%

0.00%

OPS Exempt from OASDI

ZM

0.00%

1.45%

 

FICA consists of 6.20% OASDI and 1.45% Hospital Insurance (Medicare). There is no cap for Medicare, but the maximum salary on which OASDI will be charged, as of January 1, 2018, is $128,400. (This is effective through December 31, 2018, and is the amount that will be used in benefits calculation in the Operating Budget.) The OASDI cap changes each year effective January 1 based on the "contribution and benefit base" calculated each year by SSA (usually in October). For more information see the "OASDI Contribution and Benefit Base" page at the Social Security Administration.

 

Health Insurance

Health insurance premiums are flat rates depending on plan. For employees appointed at less than 67% personyear the University only pays the premium times personyear. If an employee is appointed at 67% personyear or more, then the University is responsible for budgeting the 100% premium. Effective July 1, 2010, for employees classified as Executive Service and employees participating in the Spouse Program, the employer no longer pays the total premium. The employee's share of the health insurance premium shall be $8.34 per month for individual coverage and $30.00 per month for family coverage ($15.00 per employee in the Spouse Program). Note: the biweekly amount is for 24 pay periods, regardless of months appointed. Shown here are the employer amounts that will be in effect during FY 2017-18.

Regular Class

 

Effective 7/1/2018

Effective 1/1/2019

Cost for FY
2018-19*

Coverage

Code

Annual

Biweekly

Annual Biweekly

Individual

01

$3,214.20

$321.42

$4,790.94 $342.21

$8,005.14

Spouse (insured)

22

$3,824.00

$382.40

$5,681.20 $405.80

$9,505.20

Spouse (dependent)

89

$3,824.00

$382.40

$5,681.20 $405.80

$9,505.20

Family

02

$6,898.00

$689.80

$10,312.26 $736.59

$17,210.26

Individual/Family Average (for TBAs)

 

$5,056.10

$505.61

$7,551.60 $539.40

$12,607.70

 

Executive Service

 

Effective 7/1/2018

Effective 1/1/2019

Cost for FY
2018-19*

Coverage

Code

Annual

Biweekly

Annual Biweekly

Individual

01

$3,422.50

$342.25

$5,082.56 $363.04

$8,505.06

Spouse (insured)

22

$3,824.00

$382.40

$5,681.20 $405.80

$9,505.20

Spouse (dependent)

89

$3,824.00

$382.40

$5,681.20 $405.80

$9,505.20

Family

02

$7,648.00

$764.80

$11,362.40 $811.60

$19,010.40

Individual/Family Average (for TBAs)

 

$5,535.25

$553.53

$8,222.48 $587.32

$13,757.73

 

*Annual cost for 2018-19 includes 5 months (10 biweeklies) at the 7/1/2018 rate and 7 months (14 biweeklies) at the 1/1/2019 rate.

 

Life Insurance

Effective January 1, 2011: The State Life Insurance Program will pay the full premium for a $25,000 life insurance policy for each employee. Annual cost for this program is $42.96 per employee. The Department of Management Services shall continue the optional life insurance program based on premiums paid by employees only.