FY27 Fringe Benefit Rate Breakdown - Drexel
The following table depicts the breakdown of the fringe benefit rate components for the FY2027 rate submission:
Type of Benefit |
Full-time |
Part-time |
| Health and Welfare Insurance | 8.9% | 3.1% |
| Retirement | 7.6% | 2.1% |
| Pension | 0.0% | 0.0% |
| FICA | 7.3% | 10.2% |
| Life Insurance & Disability | 0.4% | 0.0% |
| Workers' Compensation | 0.4% | 0.1% |
| Unemployment Compensation | 0.3% | 0.4% |
| Other** | 4.1% | 1.0% |
| Total | 29.0% | 16.9% |
**Other is comprised of: Union, employee tuition benefits, employee assistance program, deferred compensation, sabbatical, and vacation payout and severance.