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What do fringe benefits include?

April 26, 2017Benefits Fringe

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What do fringe benefits include?

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• FICA and Medicare (mandatory): 7.65% • FICA Alternative: 1.45% • Retirement (mandatory): 10.15% • Health insurance: fixed premium • Life insurance: fixed premium Pre-tax assessment (optional) • Worker’s compensation is calculated separately at 0.06% of faculty, A&P, and USPS salary and wages. For more information on the FICA Alternative, read the information handout or visit MidAmerica’s web site.