Total Compensation Example 2

Ronald: exempt, non-represented employee earning $35,000

Ronald began working at the University 10 years ago. He is married with no children and working in an exempt position. He elected $50,000 life insurance with half his coverage for his spouse, employee and spouse medical coverage, high-option dental coverage, 70% long-term disability insurance with retirement protection, took two three-credit courses, and is making a 2% contribution to retirement and receives the University contribution.

Ronald receives $17,808 in benefits paid for by UVM, including retirement savings contributions. This is 50% of his $35,000 salary. His total compensation is $52,808.Pie chart of Ronald's total compensation

Compensation/Benefit $ amount
Base salary $35,000
Health insurance $7,914
Retirement $3,500
Social security/Medicare $2,678
Tuition remission $2,274
Dental insurance $811
Unemployment/workers' comp $350
Life & disability insurance $281
Total Compensation $52,808