Calculating Fringe Benefits - Office of Sponsored Programs

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Calculating Fringe Benefits - Office of Sponsored Programs
Calculating
Fringe
Benefits
Office of Sponsored
Programs
Extra Pay - Faculty
% of Salary
Salary
FICA
6.20%
FICA Medicare
1.45%
Total
Office of Sponsored
Programs
$
$
$
$
Example
25,000.00
1,550.00
362.50
26,912.50
Part-time Staff
% of Salary
Salary
FICA Medicare
Total
1.45%
Office of Sponsored
Programs
Example
$ 25,000.00
$ 362.50
$ 25,362.50
Full-time Faculty and Staff
% of Salary
Salary
FICA
6.20%
FICA Medicare
1.45%
TRS
10.28%
Health Insurance
Varies
Life Insurance
$180 year
Total
Office of Sponsored
Programs
$
$
$
$
$
$
$
Example
25,000.00
1,550.00
362.50
2,570.00
4,200.00
180.00
33,862.50
• Health Insurance Premiums for full-time faculty
and staff will vary depending on the type of
coverage selected.
• The CSU contribution to full-time faculty and
staff retirement is based on the plan chosen:
o Teachers Retirement System of GA (TRS) –
10.28%
o Optional Retirement Plan – 9.24%
Office of Sponsored Programs
• Graduate Assistants (No fringe benefits are
calculated)
• Student Assistants (No fringe benefits are
calculated)
• Fringe benefits apply (FICA Medicare only –
1.45%) during months when students are not
registered for classes. Students are then hired
as Staff.
Office of Sponsored Programs
For additional help with
calculating fringe benefits
on sponsored projects,
contact the Office of
Sponsored Programs.
Office of Sponsored Programs
Thank you for
participating!
Office of Sponsored Programs

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