6191 0 obj <>/Filter/FlateDecode/ID[]/Index[6162 49]/Info 6161 0 R/Length 134/Prev 721194/Root 6163 0 R/Size 6211/Type/XRef/W[1 3 1]>>stream .manual-search ul.usa-list li {max-width:100%;} An assessment is made on both salaried and OPS C&G appointments to cover these costs. Reportable fringe benefits – facts for employees. pW�YL� J��*K�#�! Annual cost for this program is $42.96 per employee. This amount would be the value of your fringe benefit. Copyright, FSU Directory Assistance: Effective January 1, 2011: The State Life Insurance Program will pay the full premium for a $25,000 life insurance policy for each employee. If an employee is appointed at 0.75 FTE or more, then the University is responsible for budgeting the 100% premium. There is no cap for Medicare, but the maximum salary on which OASDI will be charged, as of January 1, 2019, is $132,900. Office of Institutional Research The site is secure. Office of the Provost, A service under FSU Finance & Administration The taxable amount of a benefit is reduced by any amount paid by or for the employee. For more information see the Sponsored Research Facts Sheet. p.usa-alert__text {margin-bottom:0!important;} Assume your employer pays your health insurance premiums, which equal $250 per month. Note: the biweekly amount is for 24 pay periods, regardless of months appointed. Tallahassee FL, 32306 The employee's share of the health insurance premium shall be $8.34 per month for individual coverage and $30.00 per month for family coverage ($15.00 per employee in the Spouse Program). The OASDI cap changes each year effective January 1 based on the "contribution and benefit base" calculated each year by SSA (usually in October). 1-866-4-US-WAGE For more information see the "OASDI Contribution and Benefit Base" page at the Social Security Administration. Such payments required to fund Social Security, unemployment compensation and workers’ compensation programs, as required by law, do not count as fringe benefits. For example, an employee has a taxable fringe benefit with a fair market value of $3.00 per day. The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. Casualty Insurance is billed on an annual basis. .usa-footer .container {max-width:1440px!important;} 1-866-487-9243, Administrator Interpretations, Opinion and Ruling Letters, Resources for State and Local Governments, Government Contracts Compliance Assistance, Davis-Bacon and Related Acts (DBRA) Frequently Asked Questions, Severe Storm and Flood Recovery Assistance, Contributions irrevocably made to a trustee or third party pursuant to a. %PDF-1.6 %���� ... (This is effective through December 31, 2019, and is the amount that will be used in benefits calculation in the Operating Budget.) The costs for both Casualty Insurance and Unemployment compensation are paid for from a central E&G department. However, payments required by federal, state or local law are not fringe benefit contributions. #block-opa-theme-content > div > div.guidance-search > div.csv-feed.views-data-export-feed {display:none;} Fringe benefits include cars and flights on aircraft that the employer provides, free or discounted commercial flights, vacations, discounts on property or services, memberships in country clubs or … 850-644-2525, FRS Renewed Membership - Senior Management, Renewed Investment Plan - Special Risk Class, ORP Renewed Membership Enrolled Prior to July 1, 2010, ORP Renewed Membership Enrolled July 1, 2017 or After, DROP - Deferred Retirement Option Program, Retirees Initially Reemployed on or after July 1, 2010 who are not eligible for renewed membership - Regular Class, Retirees Initially Reemployed on or after July 1, 2010 who are not eligible for renewed membership - Senior Management, Retirees Initially Reemployed on or after July 1, 2010 who are not eligible for renewed membership - Special Risk Class, Non-Reportable Wages (FICA Deduction Only), OPS Non-Student (OPS, Post-Docs, Faculty Adjunct), OPS FSU Exempt Student (Graduate & Student Assts). Before sharing sensitive information, make sure you’re on a federal government site. div#block-eoguidanceviewheader .dol-alerts p {padding: 0;margin: 0;} Tax-free employee fringe benefits include: health insurance (up to certain dollar amounts) accident insurance [CDATA[/* >