Proposed Rates
FY24 Fringe Benefits Components
Employee Classification* | Fringe Rate[1] | Health/Dental Insurance | Retirement | Life/Disability Insurance | Social Security/Medicare | Other [2] |
Faculty | 28.0% | 10.22% | 10.53% | 0.72% | 6.86% | -0.32% |
| Professional & Scientific, Miscellaneous, Contract | 37.5% | 17.72% | 9.80% | 0.83% | 7.34% | 1.84% |
| Merit | 48.9% | 27.43% | 9.55% | 0.81% | 7.33% | 3.77% |
Graduate Assistants | 13.9% | 10.90% | 0.00% | 0.00% | 0.10% | 2.94% |
| Postdoctoral | 32.1% | 18.27% | 8.03% | 0.00% | 6.24% | -0.44% |
Senior Staff/ Leadership | 16.4% | 3.16% | 7.16% | 0.28% | 4.16% | 1.63% |
| Student Hourly | 1.8% | 0.00% | 0.00% | 0.00% | 1.39% | 0.37% |
| Non-Student, Miscellaneous | 4.9% | 0.00% | 8.27% | 0.00% | 7.65% | -11.03% |
| Americorp | 7.4% | 0.00% | 0.00% | 0.00% | 7.07% | 0.37% |
| Miscellaneous | 7.6% | 0.00% | 0.00% | 0.00% | 7.59% | 0.00% |
*ISU employees with an annual based salary of $265,000 and above are considered Senior Staff/Leadership for fringe benefits rate purposes.
[1] Percentage applied on salaries and wages.
[2] Other includes Unemployment Insurance, Sick Leave Payout, Sick Leave, Employee Tuition Reimbursement, Worker's Compensation, Employee Assistance Program and Carryforward Balances.