Big BendCommunity College
CONTRIBUTION RATES AS OF JANUARY 1, 2016
DEPT OF RETIREMENT (DRS) –(This plan is generally for classified staff and eligible part-time hourly staff)
ALL PERS PLANS EFFECTIVE IF EMPLOYEE IS EXPECTED TO WORK 70 OR MORE HOURS FOR 5 MONTHS PER YEAR IN EACH OF 2 CONSECUTIVE YEARS.
PERS PLAN 1
EMPLOYER RATE – 11.18% of gross pay
EMPLOYEE RATE – 6.00% of gross pay
PERS PLAN 2
EMPLOYER RATE – 11.18% of gross pay
EMPLOYEE RATE – 6.12% of gross pay
PERS PLAN 3
EMPLOYER RATE – 11.18% of gross pay
EMPLOYEE RATE – VARIES BY PLAN CHOICE
STATE BOARD RETIREMENT PLAN (TIAA-CREF)–(This plan is for faculty and administrative/exempt staff)
EMPLOYER/EMPLOYEE RATES ARE THE SAME:
UNDER AGE 35 – 5.00%ofgross pay
AGE 35-49 – 7.50% of gross pay
AGE 50 AND ABOVE – 10.00% of gross pay
2016 WASHINGTON STATE MINIMUM WAGE$9.47 per hour
SOCIAL SECURITY (OASI) (OASI -6.2% of gross pay MEDICARE- 1.45% of gross pay)
EMPLOYER CONTRIBUTION RATE - 7.65%(OASI MAXIMUM WAGES for 2016 = $118,500)
EMPLOYEE CONTRIBUTION RATE -7.65%
ALL WAGES SUBJECT TO MEDICARE TAX
INDUSTRIAL INSURANCE MEDICAL AID (IND INS AND MEDAID&SUP PEN)—sometimes referred to as “Workman’s Compensation”
RATES ARE BASED ON 160 HOURS/MONTH FOR FULL-TIME OR ALL HOURS WORKED FOR PART-TIME EMPLOYEES
EMPLOYER RATEEMPLOYEE RATE
GENERAL EMPLOYMENT .18635 per hour($29.82/FT monthly).07975 per hour($12.76/FT monthly)
FLIGHT HOURS ONLY .97675 per hour.17655 per hour
MEDICAL/VISION/DENTAL INSURANCE
EMPLOYER RATE - $840.00 PER MONTH PER ELIGIBLE EMPLOYEE
EMPLOYEE RATE – MONTHLY CONTRIBUTION DEPENDS ON PLAN AND DEPENDENTS COVERED
EMPLOYEEEMPLOYEEEMPLOYEE EMPLOYEE, SPOUSE*
& SPOUSE*& CHILDREN & CHILDREN
UNIFORM MEDICAL PLAN (UMP) CLASSIC$84$178$147$241
UNIFORM MEDICAL PLAN (UMP) CDHP$21 $52 $37 $68
Plus any applicable tobacco ($25) or spousal coverage premium ($50) surcharges.
*orregistered domestic partner
Word.../reports/Contribution Rates as of January 2016