Faculty and Staff
To determine the cost of fringe benefits to a grant, two methods may be used for benefits eligible employees in academic and nonacademic units (faculty and staff):
- The estimated rate of 33% as published by TWU's Finance and Administration Budget Office should be applied to the annual base salary. This rate would include all fringe benefits such as FICA, health insurance, retirement, etc.
- 17% of salary or wages (for FICA, retirement, etc.) plus actual health insurance costs. ORSP can assist in determining the actual amounts for specific employees.
Students and Hourly Employees
- 7.65% of wages for FICA.
- Health insurance may be included in the budget under certain circumstances for graduate assistants working at least .50 FTE. This insurance may be estimated @ $300 per month or using the actual costs of health insurance for an individual.
page last updated 5/2/2016 9:36 AM