If you are on a 10-month salary:

· One course reduction = 1/10 of salary shown on your contract

· One month = 1/9 of salary shown on your contract

Calculation of Fringe Benefits:

· New Full-Time position use =1.45% FICA med, 6.2% FICA, 9.65% retirement, $114 basic life, and $12,585.12 annually for maximum health

· Faculty additional pay = 1.45% FICA med and 6.2% FICA

· Part-Time Faculty = 1.45% FICA med

· Regular Summer Faculty = 1.45% FICA med and 6.2% FICA for additional pay only, 9.65% retirement

· Professional/Admin = 1.45% FICA med and 6.2% FICA and 9.65% retirement

· Part-Time Administrator (monthly employee) = 1.45% FICA med

· Staff (bi-weekly employee) = 1.45% FICA med and 6.2% FICA and 9.24% retirement

· Overtime = 1.45% FICA med and 6.2% FICA

· Part Time Clerical Staff = 1.45% FICA med

· Graduate Assistants = no fringe benefits are calculated

· Student Assistants = no fringe benefits are calculated

Formula for Calculating Facilities and Administration Costs (Indirect Costs)

Our federally negotiated rate is 50% of salaries and wages, including fringe benefits.

On training grants, the rate is 8%.

 

ASU urges that the full cost of work-both direct and indirect costs- be requested in every outgoing proposal.