Benefit Charges
Benefit Charges for 2024
| BENEFIT TYPE | ACCOUNT CODE | EMPLOYEE CHARGE | EMPLOYER CHARGE |
|---|---|---|---|
| F.I.C.A. | |||
| Social Security | F910 | 6.2% x gross salary to maximum salary of $168,600 | 6.2% x gross salary to maximum salary of $168,600 |
| 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: 8.53% x gross salary (effective July 1, 2023) | Plan II: 8.73% x gross salary (effective July 1, 2023) |
| PERS (Public Employees Retirement System) | F920 | Plan I: 6.0% x gross salary Plan II: 6.36% x gross salary Plan III: Employee Option | Plans I, II, III: 9.03% x gross salary |
| TRS (WA State Teacher’s Retirement System) | F920 | Plan I: 6.0% x gross salary Plan II: 8.06% x gross salary Plan III: Employee Option | Plans I, II, III: 9.70% 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 | $1,170.00/month per eligible employee |
| Family/Medical Leave Insurance | F935 | 0.5286% x gross salary | 0.2114% x gross salary |
| Employer HERP State | F972 | No charge to employee | 0.21% x gross salary |
| Industrial Insurance | F930 | No charge to employee | 0.1410 x hrs to a maximum of $22.56/month (160 hours) |
| Medical Aid | F930 | 0.11845 x hrs to a maximum of $18.96/month (160 hours) | 0.11845 x hrs to a maximum of $18.96/month (160 hours) |
| Unemployment | F960 | No charge to employee | 0.11% 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 Kathy Thompson at (360) 650-7314 for more information.