UTSA Benefits: Financial Budgetary Implications

0
0
2650 days ago, 758 views
PowerPoint PPT Presentation

Presentation Transcript

Slide 1

UTSA Benefits: Financial & Budgetary Implications

Slide 2

Employer Paid Benefits UTSA Employer paid-commitments to incidental advantages scope include: Workers' Compensation Insurance Unemployment Insurance Group Insurance Premiums (for the representative's wellbeing scope, fundamental term life, AD&D and a segment of the needy wellbeing premium) Old Age & Survivors Insurance (OASI) & Medicare 6.2% (OASI) & 1.45% (Medicare) of wages up to the OASI max pay ($106,800 in 2009), as required by elected law Retirement-Employer's Contribution (TRS/ORP) TRS = characterized benefits arrange; ORP = characterized commitment arrange http://www.utsa.edu/hr/benefits/Retirement/Index.cfm#Mandatory UTSA Financial Area Representatives

Slide 3

Employer Paid Benefits Universal Salary Supplement (this program incorporates workers enlisted before Sept 2003 that gain under $50K every year) Longevity ($20 every month eff with 2 yrs of administration up to 42 yrs of svc) Vacation & Sick Leave http://www.utsystem.edu/OHR/vacationcarryover.htm Sick Leave Pool (wage trade for representatives that qualify per Chapter 661, Texas Government Code) http://www.utsa.edu/jump/chapter4/4-26.cfm Employee Educational Assistance http://129.115.102.107/bounce/chapter4/4-8.cfm Employee Assistance Program http://www.utsa.edu/HR/EmployeeRelations/eapinfo.cfm UTSA Financial Area Representatives

Slide 4

E&G Paid Benefits Costs The State of Texas General Appropriations Act requires that installments of advantage expenses are relative to subsidizing from appropriated stores. General Appropriations Act, Art. IX §§ 6.08, 8.02 (c), 80th Leg., R.S.; Sections 51.009 (an) and (c), Education Code UTSA Financial Area Representatives

Slide 5

E&G Paid Benefits Costs General income is precluded from paying the advantages connected with compensations and wages paid from other subsidizing sources. Every November, UTSA presents an answer to the Texas State Comptroller to build up the relative rate of advantage cost imparting to the state accommodates any over/under-charging amid the past financial year. https://fmx.cpa.state.tx.us/fm/bars/aps/11/index.php UTSA Financial Area Representatives

Slide 6

E&G Employee Benefit Costs Benefit costs for qualified workers selected to E&G accounts (14-store) are paid from midway oversaw spending plans. UTSA Financial Area Representatives

Slide 7

Other Funds Employee Benefit Costs Benefit costs for qualified workers delegated to non-E&G records are paid specifically by those reserve sources: 18 Service Rate (chargeback) Operations 19 Designated stores 26 Grants & Contracts (charged to support) 29 Auxiliary Enterprises, and 30 Gift reserves UTSA Financial Area Representatives

Slide 8

E&G Paid Benefits Subject to Proportionality OASI – State Match/Required Employer Contribution Group Insurance Program – Active & Retirees Retirement (TRS/ORP) – constrained to cost sharing % permitted by the state for that given year UTSA Financial Area Representatives

Slide 9

Benefits Proportion by Fund Report Appropriation Year 2008 E&G Sources of Funding General Revenue (68.8718%) $82,192,155 73.9879% GR-Dedicated (31.1282%) 37,148,599 Less Exclusion (1) <8,252,161> GR-Dedicated Subject to Proportionality 28,896,438 26.0121% (1) The rejection is the entirety of OASI ER-state coordinate, add up to Group Insurance advantage paid, Teacher Retirement Contribution and Optional Retirement Program (6%) paid times 31.1282%, which is the pre-balanced extent of GR to GR-Dedicated UTSA Financial Area Representatives

Slide 10

Benefits Paid 100% by UTSA Not Subject to State Proportional Cost Sharing first 90 days of wellbeing premium & retirement cost sharing Payment of the ORP Matching Differential Supplement is discretionary; fluctuating grounds rehearses and the cost effects are inspected by Board of Regents: State Paid Base Rate going down from 6.58% (FY10) to 6.4% (FY11), <0.18%> Differential cost is secured from nearby subsidizes and will increment from 0.73% to 0.91% ; 1.19% to 1.37% ; or 1.92 to 2.1% contingent upon worker's ORP qualification date. Worker Contribution Rate stays at 6.65% half of the Premium Sharing for Graduate Students (discretionary, and fluctuates from grounds to grounds) State pays the other half so the whole measure of premium sharing is secured TRS Retiree Surcharge: 12.98% of pay rates paid to dynamic retirees UTSA Financial Area Representatives

Slide 11

Benefits Paid 100% by UTSA Not Subject to State Proportional Cost Sharing Longevity pay Vacation payouts for firing representatives Educational advantages Optional, measure of advantage is right now controlled by UTSA Sick Leave Pool When UTSA workers give leave hours to the debilitated leave pool the payout must secured as wage substitution (pay) UTSA Financial Area Representatives

Slide 12

FY 2009 Centrally Funded Benefits Budgets Group Insurance Contribution $ 8,304,535 Est. State Proportional Share $ 11,195,217 Other Institutional Funds $ 14,664,030 E&G TOTAL $ 34,163,782 Educational Benefits 125,000 90 Day Benefit Supplement 660,000 GRAND TOTAL $ 34,948,782 UTSA Financial Area Representatives

Slide 13

FY 2009 Projected Budget Variance TOTAL BUDGET $ 34,948,782 Estimated COSTS $ 34,629,850 Projected Variance $ 318,932 (Exclusive of extra state commitment because of changes in proportionality over spending plan) UTSA Financial Area Representatives

Slide 14

FY 2009 Benefit Proportionality Cost Sharing Budgeted Revenue $ 11,195,217 Projected Payment 12,107,536 Estimated Variance 912,319 Total Est. Spending Variance $ 1,231,251 UTSA Financial Area Representatives

Slide 15

FY 2009 Projected Costs FY 2010 Projected Budget Review Spreadsheet for Details View the Payroll Website for points of interest on advantage commitment rates: http://www.utsa.edu/finance/fringe_benefit.html View the HR Website for subtle elements on advantage projects and qualification: http://www.utsa.edu/hr/Benefits/index.cfm http://www.utsa.edu/hr/Benefits/Newsletter/BenefitsInBrief.pdf UTSA Financial Area Representatives

SPONSORS