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2013 Benefits Briefing
Presentation to Board of Regents
November 15, 2012
Faculty Comp Model1 Year to 100% Market
Business Model (included)
TIR AS OF DATE 8/ 1/ 2013
Total # of Faculty 370
COST TO MINIMUM 206,352$ # of Faculty 49
% Faculty receiving increase to Minimum 13.24%
Average Increase 9.42%
Range Penetration 978,222$
TOTAL COST TO MARKET 1,184,574$ # of Faculty 229
% Faculty receiving increase to Market 61.89%
Average Increase 10.25%
2012 Faculty Salary CIP ModelSUMMARY SHEET
Year 1 to 100% Market
Staff Compensation Model1 Year to 100% Market
TIP Implementation Date 6/ 30/ 2013
Total # of STAFF 757
COST TO MINIMUM 1,094,592$
# of Staff 238
% Staff receiving increase to Minimum 31.44%
Average Increase 12.36%
Range Penetration 2,649,282$
TOTAL COST TO MARKET 3,743,874$
# of Staff 573
% Staff receiving increase to Minimum 75.69%
Average Increase 17.82%
2012-13 Staff Salary ModelSUMMARY SHEET
1 Year to 100% Market
2012-2013Operating Budget
Total Operating Budget $135,700,000– Total Personnel Budget (56.8%) $77,091,204
Note: Personnel Budget includes all salaries & fringe benefits
56.8%43.2%
Personnel Budget
Other Expendi-tures
2011-2012 Actual Salaries & Benefits by Division
Types of Benefits
• Health Insurance• Dental Insurance• Life Insurance• Vacation Days• Holidays• Sick Leave• Tuition Assistance• Fitness Center
Membership
• Retirement:– KTRS– KERS– ORP
• FICA – Medicare– Social Security
• Workers Compensation• Unemployment Insurance
2011-2012 Expense by Benefit
3 Categories of Employees
1. Hourly employee working 8 hours per day at $12.19 per hour ($25,355 annually)
2. Mid-level exempt professional employee with $50,000 annual salary
3. Senior level employee with $103,259 annual salary
Cash and Non-Cash Benefitsby Employee Category
Expense by Benefit- Hourly Employee
Expense by Benefit- Mid Level Employee
Expense by Benefit- Executive Level
Healthcare 2013
Strategy– Provide the best competitive healthcare for the
lowest premium/cost– Accomplish this by involving all employees and
dependents in becoming healthier, improving their lives and therefore reducing claims & premiums
– Focus incentives on continually improving results
Healthcare 2013
0% increase in Anthem rates for 2013– Continues a desired trend in rates indicating positive effect
of wellness.
MSU annual increases National Trend 8.17% increase 2008 9.4% 6.23% increase 2009 9.2% 7.00% increase 2010 9.0% 4.36% increase 2011 9.0% 0% for 2012 8.5% 0% for 2013 7.0% est.
Healthcare 2012/13 Annual Premiums
2012 total actual premium $7,166,965 and HRA
$792,400.
2012 actual annual University premium including
$792,400 HRA, $5,518,563
Healthcare Rate Considerations for 2013
Plan2013 University
Contribution2013 Employee
Cost2013 Total
Cost
Single 396$ 178$ 574$
2-Person 508$ 353$ 861$ 465$
Family 597$ 551$ 1,148$ 752$
Single $ 385 68$ 453$
2-Person $ 482 197$ 679$ 294$
Family $ 606 299$ 905$ 520$
Single 358$ 25$ 383$
2-Person 437$ 138$ 575$ 217$
Family 552$ 214$ 766$ 408$
Blue Access 2500 (HDHP)
Blue Access 1500 (CDHP)
Blue Access 500 (POS)
Workers Compensation
Remain fully insured with KEMI (Kentucky Employers’ Mutual Insurance)
14.5% further reduction in premium for 2013– 2013 Premium $208,668– 2012 premium $243,973– 2011 premium $255,233– 2010 premium $317,715– 2009 premium $746,340
QUESTIONS?
Hourly Employee Benefit Comparison to EKU
Employer Contribution
Employee Contribution
Category Benefit MSU EKU MSU EKUCash Outlay
Insurance Health Insurance $7,272 $7,575 $3,588 $5,239Wellness Incentives $500 $0 $0 $0HRA Contribution $1,150 $0 $0 $0Dental Insurance $300 $152 $480 $809Life Insurance $39 $39 $0 $0
Retirement KERS - 23.61% $5,986 $5,986 $1,268 $1,268Legally Required Social Security - 6.2% $1,572 $1,572 $1,065 $1,065
Medicare - 1.45% $368 $368 $368 $368Workers Compensation $182 $182 $0 $0Unemployment Insurance $90 $90 $0 $0
Non-Cash OutlayPaid Leave Vacation Days $1,755 $1,950 $0 $0
Holidays $1,658 $1,560 $0 $0Sick Leave Days $1,170 $1,170 $0 $0
Other Fitness Center Membership $240 $0 $0 $180Tuition Assistance @ $276/cr $4,968 $4,575 $0 $0TOTAL $27,250 $25,119 $6,769 $8,929
% of Base pay 107.47% 99.47%
Hourly EmployeeBenefit Comparison to St. Claire
Employer Contribution
Employee Contribution
Category Benefit MSU St. Claire MSU St. ClaireCash Outlay
Insurance Health Insurance $7,272 $14,100 $3,588 $3,736Wellness Incentives $500 $0 $0 $0HRA Contribution $1,150 $0 $0 $0Dental Insurance $300 $403 $480 $403Life Insurance $39 $0 $0 $192
Retirement KERS - 23.61% $5,986 $1,268 $1,268 $1,268Legally Required Social Security - 6.2% $1,572 $1,572 $1,065 $1,065
Medicare - 1.45% $368 $368 $368 $368Workers Compensation $182 $182 $0 $0Unemployment Insurance $90 $90 $0 $0
Non-Cash OutlayPaid Leave Vacation Days $1,755 27 PTO
days $2,633
$0 $0Holidays $1,658 $0 $0Sick Leave Days $1,170 $0 $0
Other Fitness Center Membership $240 $0 $0 $0Tuition Assistance @ $276/cr $4,968 $2,763 $0 $0TOTAL $27,250 $23,378 $6,769 $7,032
% of Base pay 107.47% 92.20%
Retirement System Employer Rates with Projections
KTRSKERS (Non-Hazardous)
KERS (Hazardous)
2006/07 13.84% 7.75% 22.00%
2007/08 13.84% 8.50% 24.25%
2008/09 14.84% 10.01% 24.35%
2009/10 14.84% 11.61% 24.69%
2010/11 14.84% 16.98% 26.12%
2011/12 14.84% 19.82% 28.98%
2012/13 14.84% 23.61% 35.89%
2013/14 14.84% 32.31% 49.12%
2014/15 14.84% 41.00% 62.32%
Retirement System Employer Rates with Projections
Actual Projected
Full-Time Faculty and Staff by Gender
Faculty Staff Total
Female 190 51% 449 57% 639 55%
Male 179 49% 334 43% 513 45%
Total 369 100% 783 100% 1,152 100%
Employee Demographics
Category Total # of Employees
Full-Time Employees 1,152
Faculty 369
Staff 783
Salary Employees 802
Hourly Employees 350
1,950 Hour Positions 158
2,080 Hour Positions 185
Salary Under $50,000 775
KERS 419
KTRS 775
KERS Employees
KERS DescriptionTotal #
EmployeesEmployee
ContributionEmployer
Contribution
KERS Non-Hazardous 316 5% 23.61%
KERS Non-Hazardous on/after 09/01/08
85 6% 23.61%
KERS Hazardous 14 8% 29.79%
KERS Hazardous Retiree 1 29.79%
KERS Non-Hazardous Retiree
3 23.61%
KTRS Employees
KTRS DescriptionTotal #
EmployeesEmployee
ContributionEmployer
Contribution
KTRS 422 6.84% 14.52%
KTRS on/after 07/01/08 117 7.16% 14.84%
KTRS Retiree 35 16.10%
KTRS ORP 201 5.10%