2014 Employee/Employer Benefit Charges

BENEFIT TYPE

ACCOUNT CODE           

EMPLOYEE CHARGE

EMPLOYER CHARGE

F.I.C.A.

Social Security

F910

6.2% x gross salary to maximum salary of $113,700

6.2% x gross salary to maximum salary of $113,7000

Medicare

F915

1.45% x gross salary (no limit)

1.45% x gross salary (no limit)

Retirement (employee may only be active in one plan) 

LEOFF (Law Enforcement Officers Retirement System)

F920

Plan II: 8.41% x gross salary

Plan II: 8.59% x gross salary

PERS (Public Employees Retirement System)

F920

Plan I: 6.0% x gross salary

 

Plan II: 4.92%  x gross salary

Plan III: Employee Option

Plans I, II, III: 9.21% x gross salary

TRS (WA State Teacher’s Retirement System)

F920

Plan I: 6.0% x gross salary

 

Plan II: 4.96%  x gross salary

Plan III: Employee Option

Plans I, II, III: 10.39%  x gross salary

WWURP (University Retirement System)

F920

Age: Less than 35 = 5.0%

35 and over = 7.5%

50 and over = 10.0%

Matched by University; equal to employee contribution

Insurance/Other

Medical/Dental/
Life/LTD
Insurance

F940

Based on Plan Choice

$662.00/month per eligible employee

Industrial Insurance

F930

No charge to employee

.1581 x hrs to a maximum of $25.30/month (160 hours)

Medical Aid

F930

.0908 x hrs to a maximum of $14.52/month (160 hours)

.0944 x hrs to a maximum of $15.10/month (160 hours)

Unemployment 

F960

No charge to employee  

0.27% x gross salary

General Rules

Student employees: employer is not charged for social security, retirement, health insurance, or unemployment. Please refer to the Student Employment Center website for more information regarding student employment eligibility.

Temporary employees: employer is not charged for retirement or health insurance unless the employee becomes eligible for the benefit. Contact Sarah Hunter at (360) 650-7314 for more information.


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Page Updated 12.15.2014