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%

Employee

Employer

Total

Maximum Wages

OASI

6.20%

12.40%

$118,500 (2015)

$113,700 (2014)

Medicare

1.45%

2.90%

All Wages

Total

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