Payroll and Employee Benefits
Health Benefit Contribution Rates
The following charts reflect the phase-in of contribution levels for employees who were employed by William Paterson University prior to June 28, 2011. These employees are required to contribute the greater of 1.5% of their salary or a phase-in percentage of the health plan cost.
Employees hired by William Paterson University on or after June 28, 2011 are required to contribute the greater of 1.5% of their salary or the Year 4 contribution rate.
Employees who wish to calculate their bi-weekly plan cost should multiply the monthly cost of their health and or prescription plan by 12 and divide that product by the number of pay periods that you get paid (26.1 for 12-Month Employees and 21.7 for 10-Month Employees.
Example: Mary is a 10-Month employee who was hired in 2005, she makes $60,000 per year and has family coverage. To calculate her bi-weekly health plan contribution, Mary would take the monthly plan cost of her NJDirect15 health benefits ($1,375.85) and the monthly cost of her prescription drug benefits ($382.93) add them together ($1,758.78) multiple by 12 months ($21,105.36) and divide that by the number of pay periods in which she gets paid (21.7) to arrive at the bi-weekly total plan cost ($972.60). In year 1 Mary would pay the greater of 1.5% of her salary ((60,000/21.7) X 1.5%) ($41.47) or 4.25% (per the contribution chart) of the total plan cost ($41.34). Mary's deduction would be 1.5% of her salary ($41.47) since it is greater.
- Percentage of Premium Calculation Chart
- Monthly Health Plan Costs
- Single Coverage Contribution Rates
- Member/Spouse or Partner Coverage Contribution Rates
- Family Coverage Contribution Rates
- Parent Child(ren) Coverage Contribution Rates