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.

2014 Tax Rates

(effective for wages paid January 1, 2014 - December 31, 2014.

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% 9.21%
PERS 2   4.92% 9.21%
PERS 3   See Handbook 9.21%
LEOFF 2   8.41% 8.59%
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

July 1, 2014 - June 30, 2015 $662.00 / month
July 1, 2013 - June 30, 2014 $782.00 / month

Industrial Insurance (Calendar Year Rates)

Employee Employer

Max Hours per Month

2015 Rate

$0.07905 $0.18925 160 Hrs ($12.65, $30.28)

2014 Rate

$0.07650 $0.1768 160 Hrs ($12.24, $28.29)

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
2014 Rate $0.0000 $0.0505 160 Hrs ($0.00, $8.08)