Sponsored Student Programs Office

Mississippi State University

FRINGE BENEFITS - MISSISSIPPI STATE UNIVERSITY
Detailed components of the fringe benefit rates for Mississippi state University are as follows:

1. Social Security	- 6.2% of the first $87,000 earned


2. Medicare	- 1.45% (no limit)


3. State Retirement	- 9.75% of the first $150,000 earned


4. Health Insurance	- $228.00/mo. (12 month employees)
	- $304.00/mo. (9 month employees)


5. Life Insurance	- $0.15 per thousand dollars of annual salary per month (12 month)
	- $0.20 per thousand dollars of annual salary per month (9 month)


	Min/$30,000 salary (For those earning $30,000, calculate

	life insurance as if they earned $30,000.00.)


	Max/$100,000 salary
	Example: Annual Salary $28,000
	$28,000 * 2 = $56,000
	$56 * .15 = $8.40
	$8.40 * 12 = 100.80


6.Unemployment Insurance	- .2199% of the first $7,000 earned


7.Workers Compensation	- .6864%


8.Terminal Leave Rate	- 1.1028%

NOTE:

On 9-month faculty, only Social Security, Medicare, State Retirement and Workers Compensation are taken out for summer appointment. On graduate students and undergraduate students working full-time in the summer and not taking classes, Social Security, Medicare and Workers Compensation are taken out.

To get fringe benefits for graduate students taking classes - Multiply salary by .6864% and include tuition of $304.22 per month.

Last Update 3/24/03

Last modified: Wednesday, 10-Sep-2003 09:46:24 CDT.
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Mississippi State University is an Equal Opportunity Institution