Sarah began working at the University just over a year ago. She is single and working in a non-exempt position. At Orientation she elected base life insurance of $6,000, single medical, base dental, and 60% long-term disability insurance with retirement protection. She is making the minimum contribution to retirement and receives the University contribution because she was able to waive the three-year waiting period. Sarah is also taking one three-credit course this semester.
Sarah receives $13,759.02 in valuable benefits paid for by UVM, including retirement savings contributions. That is 57% of her $24,000 salary. Her total compensation is $37,759.02.
| Compensation/Benefit | Dollar Amount |
|---|---|
| Base Salary | $24,000 |
| Health Insurance | $6,960.38 |
| Retirement | $2,140.80 |
| Social Security/Medicare | $1,584.24 |
| Tuition Remission | $1,863 |
| Dental Insurance | $415.44 |
| Unemployment/Workers Comp | $451.96 |
| Life & Disability Insurance | $343.20 |
| Total Compensation | $37,759.02 |
