Fringe Benefits
Fringe Benefits must be calculated appropriately in all proposals in accordance with the following rates:
1810 – Social Security (FICA) – 7.65%
1820 – State Retirement – 14.31%
1830 – Health Insurance –$5,192.00
1870 – Optional Retirement – 12.260%
1880 - Law Officers Retirement - 5.00%
NOTE: Optional Retirement does not apply to SPA Employees
NOTE: Fringe benefits collectively are calculated at an average of 27% unless the sponsor requests that the items above be represented by line item.
Please use only the retirement rate that applies to the plan that you have. If you have any questions, please contact Mr. Vernon Shanks, Associate Director, at shanksv@wssu.edu or 750-3019.
