Fringe Benefit Rates

Employer Share

Table of fringe benefit rates with column headers and headings to divide into groups of benefits.
Benefit Name	FY24	FY25	Notes
VRS	16.19%	15.54%	Breakdown = 13.92% Retirement + 1.12% Retiree Med + 0.5% Long Term Disability VSDP
ORP	11.52%	11.52%	Breakdown = 10.40% Retirement + 1.12% Retiree Med
Faculty/Professional Average	12.79%	12.79%	Breakdown = 11.67% Retirement + 1.12% Retiree Med
FICA	7.65%	7.65%	7.65% up to $168,600 1.45% over $168,600
Group Life Insurance	1.34%	1.18%
Total Rates by Employee Type
Total Rate for Classified/Operational	25.18%	24.37%
Total Rate for Faculty/Professional	21.78%	21.78%
Total Rate for Campus Police	35.32%	35.05%	Breakdown = 24.6% Retirement + 1.12% Retiree Med + 0.5% Long Term Disability VSDP + 7.65% FICA + 1.18% Group Life Insurance
**These are rates used in E&G budgets and actual charges vary by employee type and election.
Health Insurance
Employee only	$8,856.00	$9,414.00
Employee plus one	$15,840.00	$16,838.00
Family	$23,220.00	$24,683.00
Agency Average	$16,936.00	$18,003.00