Calculating Salary and Fringe Costs

The University  uses the following rates for budgeting fringe benefits

FY09

• Faculty/Full-time Employees    - 29.2%
• Part-time Employees                 -   7.7%
• Graduate Assistants                   -  0.1%
• Student Workers                          -  1.1%

FY10

• Faculty/Full-time Employees    - 30.3%
• Part-time Employees                 -   7.65%
• Graduate Assistants                   -       0%
• Student Workers                          -       0%

Fringe Benefits for full-time faculty and staff and faculty administrators include Social Security at 6.2%, Medicare at 1.45%, retirement; and various insurances provided by the University (accidental death and disability, dental, life, long-term disability and medical and dental).