• 11.46% ORP Retirement Contribution (includes 6.84% ORP + 4.10 Retirees Health Plan Reserves + 0.52 Disability) -OR- 8.14% TSERS Retirement Contribution. Detailed Breakdown of Benefit Components.
• 7.65% for OASDI - Old Age, Survivors and Disability Insurance (aka Social Security)
• 0.8% for workers' compensation, unemployment compensation, severance/terminal leave pay, short term disability and associated benefits and administrative costs charge by the North Carolina Flex Plan (as promulgated in the DHHS Approved F&A Rate Agreement).

To the amount calculated above add:

• $4,157/year for health insurance prorated for the actual FTE effort dedicated to the project (FY2009 figures).

Rationale for Calculating Benefits using 25% versus Calculating Benefits Based on Detailed Components:

• The 25% rate is based on an average project salary of $57,500 FTE/year. If the average project salary is anticipated to be considerably lower, actual benefits should be calculated. The reason is because the health insurance is a static rate per year and not a function of an employee's salary. As such, as the annual FTE salary falls below $57,500 per year the effective rate associated with health insurance increases.

• 7.65% for OASDI - Old Age, Survivors and Disability Insurance (aka Social Security)
• 0.8% for workers' compensation, unemployment compensation, severance/terminal leave pay, short term disability and associated benefits and administrative costs charge by the North Carolina Flex Plan

To the amount calculated above add:

• $1,581/year (131.75/month) for health insurance prorated for the actual FTE effort dedicated to the project.

• 11.46% ORP Retirement Contribution (includes 6.84% ORP + 4.10 Retirees Health Plan Reserves + 0.52 Disability) -OR- 7.83% TSERS Retirement Contribution. Detailed Breakdown of Benefit Components.
• 7.65% for OASDI - Old Age, Survivors and Disability Insurance (aka Social Security)
• 0.8% for workers' compensation, unemployment compensation, severance/terminal leave pay, short term disability and associated benefits and administrative costs charge by the North Carolina Flex Plan (as promulgated in the DHHS Approved F&A Rate Agreement).

To the amount calculated above add:

• $4,183/year for health insurance prorated for the actual FTE effort dedicated to the project (FY2008 figures).

Rationale for Calculating Benefits using 25% versus Calculating Benefits Based on Detailed Components:

• The 25% rate is based on an average project salary of $57,500 FTE/year. If the average project salary is anticipated to be considerably lower, actual benefits should be calculated. The reason is because the health insurance is a static rate per year and not a function of an employee's salary. As such, as the annual FTE salary falls below $57,500 per year the effective rate associated with health insurance increases.

• 7.65% for OASDI - Old Age, Survivors and Disability Insurance (aka Social Security)
• 0.8% for workers' compensation, unemployment compensation, severance/terminal leave pay, short term disability and associated benefits and administrative costs charge by the North Carolina Flex Plan

To the amount calculated above add:

• $1,581/year (131.75/month) for health insurance prorated for the actual FTE effort dedicated to the project.

• 11.16% ORP Retirement Contribution (includes 6.84% ORP + 3.80 Retirees Health Plan Reserves + 0.52 Disability) -OR- 7.14% TSERS Retirement Contribution. Detailed Breakdown of Benefit Components.
• 7.65% for OASDI - Old Age, Survivors and Disability Insurance (aka Social Security)
• 0.8% for workers' compensation, unemployment compensation, severance/terminal leave pay, short term disability and associated benefits and administrative costs charge by the North Carolina Flex Plan (as promulgated in the DHHS Approved F&A Rate Agreement).

To the amount calculated above add:

• $3,854/year for health insurance prorated for the actual FTE effort dedicated to the project (FY2007 figures).

Rationale for Calculating Benefits using 25% versus Calculating Benefits Based on Detailed Components:

• The 25% rate is based on an average project salary of $57,000 FTE/year. If the average project salary is anticipated to be considerably lower, actual benefits should be calculated. The reason is because the health insurance is a static rate per year and not a function of an employee's salary. As such, as the annual FTE salary falls below $57,000 per year the effective rate associated with health insurance increases.

• 7.65% for OASDI - Old Age, Survivors and Disability Insurance (aka Social Security)
• 0.8% for workers' compensation, unemployment compensation, severance/terminal leave pay, short term disability and associated benefits and administrative costs charge by the North Carolina Flex Plan

To the amount calculated above add:

• $1,581/year (131.75/month) for health insurance prorated for the actual FTE effort dedicated to the project.