Rates

Various types of rates distributed by Financial Services annually that are utilized by campus personnel throughout the year

Per Diem Rates for Meals - FY 2009

Travelers will normally be reimbursed when meals are procured in compliance with Travel Policy. Should you require additional information, please contact Debbie Tatum at X6-6527.

1. Retirement/Pension Subsidy Rates
   (eUMB Accounts 2705, 2715, 2720, 2755, 2760, or 2769)

    

   • State Teachers’ Retirement/Pension* 11.70%
   • State Teachers’ Alternate Contributory Pension 11.70%
   • Optional Retirement Plans* 7.25%
   • State Employees’ Retirement/Pension 8.73%
   • State Employees’ Alternate Contributory Pension 8.73%
   • Law Enforcement Retirement/Pension (Public Safety) 36.99%
   
   *Paid over 20 pay periods beginning PP#08-05

    

2. FICA (Social Security) Subsidy (eUMB Account 2725)

    

   • Calendar Year 2008 - 7.65% for wages up to $102,000 and 1.45% for wages over $102,000.
   • If there is a change in the wage base for Calendar Year 2009, you will be notified as soon as it is announced by the Social Security Administration.
   • The tax rates, 7.65% and 1.45%, are expected to remain the same for Calendar Year 2009.

      

      

3. Health Insurance Subsidies (eUMB Account 2710)
   • Health insurance subsidies (medical, pharmacy and dental) are applied when an employee is enrolled in a health plan and pays the employee health premium.
     
   • Subsidies are only charged 24 times per year (deductions are omitted for 2 pay periods).
   
   
   

   Plan	Annual Subsidy		Plan	Annual Subsidy
   Carefirst BCBS-PPO			Kaiser-HMO
   Employee	4,053		Employee	3,754
   Employee + 1 Child	7,296		Employee + 1 Child	7,507
   Employee + Spouse	7,296		Employee + Spouse	7,507
   Employee + 2 or more	10,134		Employee + 2 or more	9,403
   MLH-Eagle-PPO			Optimum Choice-HMO
   Employee	3,895		Employee	3,590
   Employee + 1 Child	7,012		Employee + 1 Child	7,467
   Employee + Spouse	7,012		Employee + Spouse	7,467
   Employee + 2 or more	9,739		Employee + 2 or more	8,903
   Aetna US Healthcare-POS			Prescription
   Employee	3,270		Employee	1,702
   Employee + 1 Child	5,885		Employee + 1 Child	2,261
   Employee + Spouse	5,885		Employee + Spouse	2,824
   Employee + 2 or more	8,173		Employee + 2 or more	3,403
   Carefirst BCBS-POS			Dental Benefits Prov-HMO
   Employee	3,272		Employee	87
   Employee + 1 Child	5,891		Employee + 1 Child	174
   Employee + Spouse	5,891		Employee + Spouse	192
   Employee + 2 or more	8,181		Employee + 2 or more	305
   MD IPA Preferred-POS			United Concordia-HMO
   Employee	3,641		Employee	88
   Employee + 1 Child	6,553		Employee + 1 Child	154
   Employee + Spouse	6,553		Employee + Spouse	177
   Employee + 2 or more	9,103		Employee + 2 or more	249
   Blue Choice-HMO			United Concordia-PPO
   Employee	3,579		Employee	141
   Employee + 1 Child	7,511		Employee + 1 Child	269
   Employee + Spouse	7,511		Employee + Spouse	281
   Employee + 2 or more	9,305		Employee + 2 or more	527

    

4. Health Insurance Special Subsidy (eUMB Account 2711) -
   • The health insurance Special Subsidy rate for Fiscal Year 2009 will be 19.88% for employees who are memebers of the State Retirement/Pension Plans and 9.94% for employees who are members of the Optional Retirement Plans.
   • This subsidy will not be charged for those employees who are not eligible or do not participate in any retirement or pension plans.

      

5. Other Post-Employment Benefits (OPEB)(eUMB Account 2712) -
   • Central Payroll has been directed by the Department of Budget and Management to add this new subsidy to cover the cost of Other Post Employment Benefits (OPEB).
   • The OPEB Subsidy rate is based upon employee health deductions. The rate for Fiscal Year 2009 will be 16.66% for employees wo are memebers of the State Retirement/Pension Plans and 8.33% for employees who are members of the Optional Retirement Plans.
   • This subsidy will not be chaged for those employees who are not eligible or do not participate in any retirement or pension plans.

    

    

6. Unemployment Insurance (eUMB Accounts 2770 or 2771)
   • The Unemployment Insurance rate for Fiscal Year 2009 will be $.10 per $100.00 of wages paid (0.1%).
     
   • Unemployment Insurance wages exclude cafeteria plans, dependent and health care plans, and parking deductions.

    

    

7. Deferred Compensation Match Program
   (eUMB Accounts 2780, 2781, or 2784) - 
   • This subsidy requires membership in the State Employees' "Alternate Contributory" (formerly known as the "Modified") pension system and participation in one or more of the supplemental retirement plans.
     
   • There is a dollar for dollar match up to a total of $600.00 for Fiscal Year 2009 for all SRA plans (not each SRA plan if an employee is enrolled in more than one SRA).

    

    

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