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.  The Monitoring Hours for Temporary Hourly Employees (PDF) includes details of potential benefit impacts.  For more information or individual eligibility determinations contact Payroll and Benefits at ext.6460.

Tax Rates

(Effective for wages paid January 1, 2014 - December 31, 2016.)

Employee Employer Total Maximum Wages
OASI 6.20% 6.20% 12.40%

$118,500 (2015)

$113,700 (2014)

Medicare 1.45% 1.45% 2.90% All Wages
Total 7.65% 7.65% 15.30%  

Current Retirement Rates

(Retirement rates generally change on the biennium.)

Employee Employer
PERS 1   6.00% 11.18%
PERS 2   6.12% 11.18%
PERS 3   See Handbook 11.18%
TRS 2 5.95% 13.13%
TRS 3 See Handbook 10.39%
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

(Fiscal year rates)

July 1, 2016 - June 30, 2017 $888.00 / month
July 1, 2015 - June 30, 2016 $840.00 / month
July 1, 2014 - June 30, 2015 $662.00 / month

Industrial Insurance

(Calendar year rates)

Employee Employer

Max Hours per Month

2016 Rate

$0.08540 $0.21060 160 Hrs ($13.66, $33.70)

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)

Volunteer Rate for Industrial Insurance

(Calendar year rates)

Employee Employer Max per Month
2015 Rate $0.0000 $0.0525 160 Hrs ($0.00, $8.40)
2014 Rate $0.0000 $0.0505 160 Hrs ($0.00, $8.08)