Employee Benefits

When preparing a sponsored project proposal budget, calculations for the sponsor's contribution to employee fringe benefits should be computed using the following information. UMCP does not have a "fringe benefit rate" and Grant/Contract accounts will be charged actual amounts. Any deficit occurring as a result of underestimating these benefits must be covered by transfers from other budget categories in the Grant/Contract.

Retirement

Teacher’s Retirement or Pension System: 17.39% x annual base salary
Employee’s Retirement or Pension System: 19.74% x annual base salary
Optional Retirement Plans: 7.25% x annual base salary

Social Security Tax

Contributions are based on the calendar year salary (Calendar yr. 2017).
6.2% of the first $127,200 (Maximum employer contribution per employee for Social Security is $7,886.40).

Medicare Tax

1.45% of base salary.

Unemployment Insurance Premium

0.28% of base salary.

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Health Benefits Estimates

There are currently many options available for health insurance benefits. Where possible, actual UMCP costs should be computed for each employee enrolled. The plan selected by each employee can be determined from the health insurance card issued to the employee or by contacting the Personnel Benefits Office (x55654). Where it is not possible to determine the actual costs, one should budget for the highest option. Current State Subsidies for health insurance plans can be found at: http://uhr.umd.edu/benefits/medical-insurance/ (link is external).

Health Benefit Costs (Employer Subsidy Portion) as of January 1, 2017*:

  Monthly*** Annually**
Employee Only $861 - $983 $10,332 - $11,796
w/ one family member $1,563 - $1,729 $18,756 - $20,748
w/ two or more family members $2,049 - $2,322 $24,588 - $27,864

* Costs represent those incurred by the University and include health, dental and prescription plans (rounded to nearest whole dollar).
** These totals are also applicable to 9- or 9.5-month appointments.
*** Includes FY'17 Surcharge-58.6%; Surcharge is 29.3% if employee is enrolled in 'Optional Retirement Plans' Retirement program; 0% if not in a retirement/pension program (e.g. GA's)

Tuition Remission Estimates (Spring FY'2017)

  • Full-time Permanent Employees

    • Not to exceed 8 credits for the Spring and Fall semesters, not to exceed 4 credits for Winter Term, and not to exceed 8 credits hours total for the Summer Sessions for undergraduate and graduate level courses.
    • Tuition remission is credited at the prevailing standard in-state credit hour rate at the time the class is taken. Some programs have higher credit hour rates or flat fee pricing. The tuition remission benefit does not cover the difference.
    • Undergraduate: For Spring FY2017, the tuition remission rate is $346 per credit hour.
    • Graduate: For Spring FY2017, the tuition remission rate is $651 per credit hour
  • Part-time Permanent Employees - proportional to percentage of service (must be at least 50%)

    • Part-time permanent employees are eligible for tuition remission equivalent to those of a full time regular employee, but prorated to the employee’s percentage of service (must be at least 50%).
  • Full-time Graduate Assistants

    • Up to 10 credits in the spring and fall academic semesters, up to 4 credits in winter at $651 per credit hour
    • Graduate students with a 9.5 month appointment must have a summer appointment to be eligible for a total of 8 credits in the summer sessions.
    • Graduate students with a 12 month appointment are eligible for 8 credits in summer sessions.
  • Part-time Graduate Assistants

    • 5 credit hours in the spring and fall academic semesters and 2 credits in winter term at $632 per credit hour.
    • Part-time Graduate assistants with a 9.5 month appointment must have a summer appointment to be eligible for 4 summer credits.
    • Part-time Graduate assistants with a 12 month appointment are eligible for 4 summer credits.

See Board of Regents Policy VII-4.10(A) (link is external) and University Human Resources link: http://uhr.umd.edu/benefits/tuition-remission (link is external).

Summary of Benefits and Fringe Calculation

As not every fringe benefit is available to every employee classification, reference the chart below to determine applicability for the different groups. The last column contains a formula for projecting a reasonable estimate.The classifications below are not inclusive of all employee classifications at the University of Maryland. For fringe benefit eligibility and cost estimates for classifications not included below, please contact the appropriate departmental business officer. 

Type of Employee State Retirement/ Pension Optional Retirement Health Insurance Social Security Unemployment Estimate may be computed by using:
Faculty 9, 9.5, or 12 mos. X   X X X (25.32% x Salary) + Health Ins. + Tuition
Faculty 9, 9.5, or 12 mos.   X X X X (15.18% x Salary) + Health Ins. + Tuition
Summer Salary 9, 9.5, or 12 mos. Faculty       X X (7.93% x Salary) 
Permanent Non-Exempt
> 50%
X   X X X (25.32% x Salary) + Health Ins. + Tuition
Exempt > 50% (Option a) X   X X X (25.32% x Salary) + Health Ins. + Tuition
Exempt > 50% (Option b)   X X X X (15.18%x Salary) + Health Ins. and Tuition
Permanent Part-Time > 50% X   X X X (25.32% x Salary) + Health Ins. + Tuition
Permanent Part-Time < 50%       X X 7.93% x Salary
Research Grad Assistants 9.5 or 12 mos.     X     Health Ins. + Tuition
Research Grad Assistants Summer Only           None
Undergraduate including Summer if attending classes           None

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