Fringe Benefit Rates for Fiscal Year 2017 (Printer Friendly pdf)

 This information can change please check back for updates

Fringe Benefit Deduction codes on Checks

Account

(Object Code)

Employer Cost

% of Gross

Employee Cost

% of Gross

Comments

Social Security Tax

OASDI

MED/ER

 

ADDL/MED

11910

11910

11910

6.2%

1.45%

 

N/A

6.2%

1.45%

 

0.9%

Maximum base wage for OASDI in calendar year 2017 is $127,200

There is no maximum for Medicare

Addl MED is based on taxable gross over $200,000

Regents Retirement TSA____

11830

8.5%

5.50%

UPS, faculty and academic staff employees are eligible after one year of employment or immediately if waiver provisions are met.

Regents Retirement

GTL______

11850

Not charged in FY 2017

Employee cost is referred to as ‘Taxable Group Term Life’

The employee cost is based on formula related to annual benefits base rate

KPERS

RETREG

11810

10.81%

6.0%

USS employees are first hired before 7/1/09

KPERS

RETRE2

11810

10.81%

6.0%

USS employees first hired on/after 7/1/09 participate on date of hire

KPERS

         RETRE3

11810

10.81%

6.0%

USS employees first hired on/after 1/1/15 participate on date of hire

KPERS

RETRET

11810

16.77%

N/A

KPERS retiree from a different employer ( e.g., non-State agency, non-Regents institution, such as the county, city or school district),

KPERS (D&D) GTLREG

11811

Not Charged in FY 2017

Employee cost is referred to as ‘Taxable Group Term Life’

The employee cost is based on formula related to annual Benefits base rate

KS Police & Firemen RETP&F

11880

20.38%

7.15%

Police and Firemen are eligible immediately upon employment

State Leave Payment Reserve Fund STLEAV

11760

0.75%

N/A

All employees are subject to this assessment which funds retiree sick and vacation leave payouts. This is ER cost only.

Fringe Benefit Deduction codes on Checks

Account

(Object Code)

Employer Cost

% of Gross

Employee Cost

% of Gross

Comments

KU Leave Payment Reserve Fund KULEAV

11761

0.45%

N/A

All employees are subject to this assessment that funds non-retirement eligible vacation leave payouts. This is ER cost only.

Other State Employer Taxes

11790

Varies with State

N/A

Out of state employees may be subject to additional ER taxes depending on work/home localities

Worker’s Compensation Insurance WCI

11970

0.439%

 

N/A

All employees are covered by Worker’s Compensation. This is the employer cost for coverage.

Unemployment Compensation Tax UCI

11980

0.04%

N/A

Non-student employees are covered by Unemployment Insurance. This is the employer cost for coverage.

Parking

PPKADR

11780

6.65%

$$ Chosen by employee

Employee contributions have a 6.65% administrative fee charged to the employer  (of employee deduction amount)

 

The Affordable Care Act created an additional employee only Medicare tax of 0.9 percent on wages paid in excess of $200,000 a year, beginning in 2013. 

* http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Questions-and-Answers-for-the-Additional-Medicare-Tax

 

 

 

 

 

 

 

 

 

 

 

 

 

Group Health Insurance

--These are “budgeted” employer rates for health insurance. Actual employee rates are based on plan and company selected.

 

Semi Monthly Rates

Account

(Object Code)

Medical/Drug**

Dental

Total

Full Time – Single Employee

1950

$245.66

$15.74

$261.40

Part Time – Single Employee

1950

$196.60

$11.58

$208.18

Full Time – Employee, Dependent Coverage*

1950

$ 359.95

$22.44

$382.39

Part Time – Employee, Dependent Coverage*

1950

$286.43

$17.44

$303.87

Full-Time Healthy Kids

Dependent Coverage

1950

$382.64

$22.44

$405.08

Part-Time Healthy Kids

Dependent Coverage

1950

$305.27

$17.44

$322.71

 

*Note that these amounts include the Single Employee rate plus the Dependent Coverage rate added together.

 

**For GHI Plan C rates, the Employer HSA amount, calculated on a semi monthly basis, is subtracted from these semi-monthly Employer Medical/Drug rates. The Employer HSA amount is distributed semi-annually and charged at time of distribution.  

 

Revised 12/02/2016


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