FRINGE BENEFITS 2007

 

Social Security 6.20% of Gross Pay up to maximum of 97,500
Medicare 1.45% of Gross Pay
State Retirement  11.85% of Gross Pay
Unemployment 0.50% of the first $7,000 of Gross Pay
Workers Compensation  0.84% of Gross Pay
Health Insurance-Employee $356.00 per month-employees hired prior to 1/1/06  
$338.00 per month-employees hired after to 1/1/06
Life Insurance $0.12 per $1,000. The plan provides coverage that equals two times employee's annual salary rounded to the next $1,000 with a minimum of $30,000 and a maximum $100,000.  This plan is not mandatory.
Health Insurance Graduate Students $171.55 per month

 These Fringe Benefit rates are subject to change and should be verified July 1st and January 1st of each year.