Texas Tech University - Fringe Benefits Calculator (Payroll)

This calculator is provided as a tool to aid in estimating employer fringe benefit costs for budgeting purposes. Fringe benefit costs may vary depending upon the employee type, whether the employee is full benefits eligible, and the level of insurance enrollment etc. The percentage for certain institutional cost percentages such as workers compensation, lump sum vacation pool, and retiree insurance pool may vary by entity.

Criteria Selection

Select the criteria upon which you want the fringe benefit cost estimate to be calculated. You will note that the checking of certain criteria will automatically result in other criteria not being selectable. This is because based upon the criteria selected, the individual would not be eligible for the benefit.

Calculate

After selecting the criteria, click on 'Calculate.' The fringe benefit cost calculations will be displayed on a separate screen. You can use the 'Clear' button at the top to clear all the fields and start a new calculation.

Select Entity to ensure the correct fringe benefit percentages are applied in calculating the fringe benefit cost.

Fringe benefit eligibility differs for each employee type.

Insurance rates differ for full-time vs part-time employees. A person must be appointed at least 50% FTE for atleast 4.5 months to be eligible for insurance & other benefits.

Staff employees and certain faculty employees with 12 month appointments are vacation eligible. The person must be appointed at least 50% FTE for at least 4.5 months to be eligible.

1.	Foreign employees on an F1 or J1 visa within certain time limits are exempt from OASI/MEDH.
2.	Student employees enrolled at least half-time and employed less than full-time are exempt from OASI/MEDH.

-	Faculty and staff appointed at least 50% FTE for at least 4.5 months are retirement eligible.
-	Wage caps apply to employees first participating in TRS after 8/31/1996.
-	A person who first participated in ORP prior to 9/1/1995 is considered grandfathered (ORPG) and eligible for a higher employer contribution.
-	Wage caps also apply to ORP.

This calculator assumes Health Select rates. HMO employer insurance contribution rates may be slightly less. For employees who are on a between term leave during the summer, the employer contribution will be charged to the account that paid the salary in May.

Only full time staff employees are eligible for longevity which $20 per month for every two years of lifetime service credit and will receive longevity pay increases after each additional two years of service, up to and including 42 years of service.