Budgeted Fringe Benefits

 

Calculating salary and fringe costs

The following percentages are used for budgeting and actual fringe rate benefits by the University.

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

Prior Fiscal Year Fringe Benefits

FY24

Employment Group Budgeting Percentage
Faculty/Full-time Employees 43.10% 
Part-time Employees 7.70%
Graduate Assistants 0.0%
Student Workers 0.0%
Part-Time with MOSERS 33.10%
Part-Time with CURP 12.80%

FY23

Employment Group Budgeting Percentage
Faculty/Full-time Employees 42.0% / Grant Rate 40.8%
Part-time Employees 7.6%
Graduate Assistants 0.0%
Student Workers 0.0%
Part-Time with MOSERS 33.3%
Part-Time with CURP 13.7%

FY22

Employment Group Budgeting Percentage
Faculty/Full-time Employees 40.0%
Part-time Employees 7.6%
Graduate Assistants 0%
Student Workers 0%
Part-Time with MOSERS 31.6%
Part-Time with CURP 12.2%