FY 2004 BENEFITS FOR RATE 1 EMPLOYEES
Please use the table of attached rates to determine the correct benefit rate
for all rate 1 employees (i.e., full-time faculty, and professional and administrative
staff at salary grade 56 or above). The table has been prepared in $5,000 increments
and the rate associated with each increment is a composite percentage. Included
in the composite is the base charge on the first $80,000 of income, blended
with incremental charges for retirement contributions through $200,000 of regular
salary and a statutory rate of 1.45%. Please note that the composite rate is
charged (pro-rata) to all salary source accounts.
Rates are assigned for each individual at the beginning of the fiscal year
based on payrate for that year; (for School of Medicine & Dentistry, "payrate"
will be equal to Authorized Salary (A); Guaranteed Salary (G) if there is no
stated Authorized Salary; Targeted Net Income (T) if there is no (A) or (G)).
The same rate will be used all year except in the unusual circumstance of mid-year
change in payrate.
FY 2004
Percent
from to Applied
$1
$79,999
27.40%
$80,000
$84,999
27.12%
$85,000
$89,999
26.39%
$90,000
$94,999
25.61%
$95,000
$99,999
24.91%
$100,000
$104,999
24.28%
$105,000
$109,999
23.71%
$110,000
$114,999
23.18%
$115,000
$119,999
22.71%
$120,000
$124,999
22.27%
$125,000
$129,999
21.86%
$130,000
$134,999
21.49%
$135,000
$139,999
21.14%
$140,000
$144,999
20.82%
$145,000
$149,999
20.52%
$150,000
$154,999
20.24%
$155,000
$159,999
19.97%
$160,000
$164,999
19.73%
$165,000
$169,999
19.50%
$170,000
$174,999
19.12%
$175,000
$179,999
18.63%
$180,000
$184,999
18.16%
$185,000
$189,999
17.71%
$190,000
$194,999
17.29%
$195,000
$199,999
16.89%
$200,000
$204,999
16.51%
$205,000
$209,999
16.14%
$210,000
$214,999
15.80%
$215,000
$219,999
15.47%
$220,000
$224,999
15.15%
$225,000
$229,999
14.85%
$230,000
$234,999
14.56%
$235,000
$239,999
14.29%
$240,000
$244,999
14.02%
$245,000
$249,999
13.77%
$250,000
$254,999
13.52%
$255,000
$259,999
13.29%
$260,000
$264,999
13.06%
$265,000
$269,999
12.85%
$270,000
$274,999
12.64%
$275,000
$279,999
12.44%
$280,000
$284,999
12.24%
$285,000
$289,999
12.05%
$290,000
$294,999
11.87%
$295,000
$299,999
11.70%
$300,000
$304,999
11.53%
$305,000
$309,999
11.37%
$310,000
$314,999
11.21%
$315,000
$319,999
11.05%
$320,000
$324,999
10.90%
$325,000
$329,999
10.76%
$330,000
$334,999
10.62%
$335,000
$339,999
10.48%
$340,000
$344,999
10.35%
$345,000
$349,999
10.22%
$350,000
$354,999
10.10%
$355,000
$359,999
9.98%
$360,000
$364,999
9.86%
$365,000
$369,999
9.75%
$370,000
$374,999
9.63%
$375,000
$379,999
9.53%
$380,000
$384,999
9.42%
$385,000
$389,999
9.32%
$390,000
$394,999
9.22%
$395,000
$399,999
9.12%
$400,000
$404,999
9.02%
$405,000
$409,999
8.93%
$410,000
$414,999
8.84%
$415,000
$419,999
8.75%
$420,000
$424,999
8.67%
$425,000
$429,999
8.58%
$430,000
$434,999
8.50%
$435,000
$439,999
8.42%
$440,000
$444,999
8.34%
$445,000
$449,999
8.26%
$450,000
$454,999
8.19%
$455,000
$459,999
8.11%
$460,000
$464,999
8.04%
$465,000
$469,999
7.97%
$470,000
$474,999
7.90%
$475,000
$479,999
7.84%
$480,000
$484,999
7.77%
$485,000
$489,999
7.70%
$490,000
$494,999
7.64%
$495,000
$499,999
7.58%
$500,000
$504,999
7.52%
$505,000
$509,999
7.46%
$510,000
$514,999
7.40%
$515,000
$519,999
7.34%
$520,000
$524,999
7.29%
$525,000
$529,999
7.23%
$530,000
$534,999
7.18%
$535,000
$539,999
7.12%
$540,000
$544,999
7.07%
$545,000
$549,999
7.02%
$550,000
$554,999
6.97%
$555,000
$559,999
6.92%
$560,000
$564,999
6.87%
$565,000
$569,999
6.82%
$570,000
$574,999
6.78%
$575,000
$579,999
6.73%
$580,000
$584,999
6.68%
$585,000
$589,999
6.64%
$590,000
$594,999
6.60%
$595,000
$599,999
6.55%
$600,000
$604,999
6.51%
$605,000
$609,999
6.47%
$610,000
$614,999
6.43%
$615,000
$619,999
6.39%
$620,000
$624,999
6.35%
$625,000
$629,999
6.31%
$630,000
$634,999
6.27%
$635,000
$639,999
6.23%
$640,000
$644,999
6.20%
$645,000
$649,999
6.16%
$650,000
$654,999
6.12%
$655,000
$659,999
6.09%
$660,000
$664,999
6.05%
$665,000
$669,999
6.02%
$670,000
$674,999
5.98%
$675,000
$679,999
5.95%
$680,000
$684,999
5.92%
$685,000
$689,999
5.88%
$690,000
$694,999
5.85%
$695,000
$699,999
5.82%
$700,000
$704,999
5.79%
$705,000
$709,999
5.76%
$710,000
$714,999
5.73%
$715,000
$719,999
5.70%
$720,000
$724,999
5.67%
$725,000
$729,999
5.64%
$730,000
$734,999
5.61%
$735,000
$739,999
5.58%
$740,000
$744,999
5.56%
$745,000
$749,999
5.53%
$750,000
$754,999
5.50%
$755,000
$759,999
5.47%
$760,000
$764,999
5.45%
$765,000
$769,999
5.42%
$770,000
$774,999
5.40%
$775,000
$779,999
5.37%
$780,000
$784,999
5.35%
$785,000
$789,999
5.32%
$790,000
$794,999
5.30%
$795,000
$799,999
5.27%
$800,000
$804,999
5.25%
$805,000
$809,999
5.23%
$810,000
$814,999
5.20%
$815,000
$819,999
5.18%
$820,000
$824,999
5.16%
$825,000
$829,999
5.13%
$830,000
$834,999
5.11%
$835,000
$839,999
5.09%
$840,000
$844,999
5.07%
$845,000
$849,999
5.05%
$850,000
$854,999
5.03%
$855,000
$859,999
5.01%
$860,000
$864,999
4.98%
$865,000
$869,999
4.96%
$870,000
$874,999
4.94%
$875,000
$879,999
4.92%
$880,000
$884,999
4.90%
$885,000
$889,999
4.89%
$890,000
$894,999
4.87%
$895,000
$899,999
4.85%
$900,000
$904,999
4.83%
$905,000
$909,999
4.81%
$910,000
$914,999
4.79%
$915,000
$919,999
4.77%
$920,000
$924,999
4.76%
$925,000
$929,999
4.74%
$930,000
$934,999
4.72%
$935,000
$939,999
4.70%
$940,000
$944,999
4.68%
$945,000
$949,999
4.67%
$950,000
$954,999
4.65%
$955,000
$959,999
4.63%
$960,000
$964,999
4.62%
$965,000
$969,999
4.60%
$970,000
$974,999
4.59%
$975,000
$979,999
4.57%
$980,000
$984,999
4.55%
$985,000
$989,999
4.54%
$990,000
$994,999
4.52%
$995,000
$999,999
4.51%
$1,000,000
$1,004,999
4.49%
$1,005,000
$1,009,999
4.48%
$1,010,000
$1,014,999
4.46%
$1,015,000
$1,019,999
4.45%
$1,020,000
$1,024,999
4.43%
$1,025,000
$1,029,999
4.42%
$1,030,000
$1,034,999
4.40%
$1,035,000
$1,039,999
4.39%
$1,040,000
$1,044,999
4.37%
$1,045,000
$1,049,999
4.36%
$1,050,000
$1,054,999
4.35%
$1,055,000
$1,059,999
4.33%
$1,060,000
$1,064,999
4.32%
$1,065,000
$1,069,999
4.31%
$1,070,000
$1,074,999
4.29%
$1,075,000
$1,079,999
4.28%
$1,080,000
$1,084,999
4.27%
$1,085,000
$1,089,999
4.25%
$1,090,000
$1,094,999
4.24%
$1,095,000
$1,099,999
4.23%
$1,100,000
$1,104,999
4.22%
$1,105,000
$1,109,999
4.20%
$1,110,000
$1,114,999
4.19%
$1,115,000
$1,119,999
4.18%
$1,120,000
$1,124,999
4.17%
$1,125,000
$1,129,999
4.15%
$1,130,000
$1,134,999
4.14%
$1,135,000
$1,139,999
4.13%
$1,140,000
$1,144,999
4.12%
$1,145,000
$1,149,999
4.11%
$1,150,000
$1,154,999
4.10%
$1,155,000
$1,159,999
4.08%
$1,160,000
$1,164,999
4.07%
$1,165,000
$1,169,999
4.06%
$1,170,000
$1,174,999
4.05%
$1,175,000
$1,179,999
4.04%
$1,180,000
$1,184,999
4.03%
$1,185,000
$1,189,999
4.02%
$1,190,000
$1,194,999
4.01%
$1,195,000
$1,199,999
4.00%
$1,200,000
$1,204,999
3.99%
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