Budgeting for Departments

The following information is provided for the purposes of understanding employee and employer costs of benefits.

General Rules

Student employees: employer is not usually charged for social security, retirement, health insurance, or unemployment. Please refer to the Student Employment Office website for more information regarding student employment.

Temporary employees: employer is not charged for retirement or health insurance unless the employee becomes eligible for the benefit. See monitoring hours (PDF) for more information or contact Payroll and Benefits ext.6460 for more information about eligibility.

2013 Calendar Tax Rates

	Employee	Employer	Total	Maximum Wages
OASI	6.20%	6.20%	12.40%	$113,700
Medicare	1.45%	1.45%	2.90%	All Wages
Total	7.65%	7.65%	15.30%

Current Retirement Rates

		Employee	Employer
PERS 1		6.00%	7.21%
PERS 2		4.64%	7.21%
PERS 3		See Handbook	7.21%
LEOFF 2		8.46%	8.62%
TIAA-CREF	Age less than 35 Age 35 to 50 Age over 50	5.00% 7.50% 10.00%	5.00% 7.50% 10.00%

Medical/Dental Employer Contribution

$800.00 effective July 1, 2012.

2013 Calendar Industrial Insurance

	Employee	Employer	Max Hours per Month
2013 Rate	$0.08190	$0.2068	160 Hrs ($13.10, $33.09)
2012 Rate	$0.08830	$0.2360	160 Hrs ($14.13, $37.76)

Volunteer Rate for Industrial Insurance

	Employee	Employer	Max Hours per Month
2013 Rate	$0.0000	$0.0621	160 Hrs ($0.00, $10.56)
2012 Rate	$0.0000	$0.0621	160 Hrs ($0.00, $10.56)