Page 20 - PSA 2020-21 New Hire Guide
P. 20
2020-21 Hew Hire Guide
2020-21 SCA Health and Welfare
Health and Welfare Other Beneits Employer Costs
The Service Contract Act (SCA) was established to Group Life and AD&D Semi- $3.25
Monthly Cost
ensure that workers are paid not only a minimum Long Term Disability Semi- Varies based on wages
wage but also provided suitable beneits. PSI is Monthly Cost
401(k) Retirement Plan Semi-
required to provide Health and Welfare beneits to all Monthly Cost* Based on match
employees covered by a SCA wage determination as HSA (Core Medical Plan) $31.25
an equivalent hourly amount for all hours paid up to
40 hours per week. This hourly amount is deined in * If employees contributes to the 401(k), the employers match will be
deducted from H&W.
the current wage determination associated with the
government contract that you support, in accordance H&W Calculations Per Semi-Monthly
with 29 CFR ยง 4.170-Furnishing fringe beneits or
equivalents. Period
The following is a semi-monthly H&W calculation for
The Health and Welfare beneit amount are reduced by example purposes only. Your H&W beneit will be based
the employer cost of beneits that you elect. After the on the wage determination for your contract and the
employer costs of beneits are calculated, you will be beneits that
paid any remainder of the beneit as taxable income. you elect.
The following charts identify the employers cost for Employee premium deduction will still be taken from
beneits you are eligible to enroll in. The costs listed for employee semi-monthly wages based on employee
beneits you elect will be deducted from your Health beneit elections.
and Welfare amount.
Coverage Type Individual Family Coverage
Coverage
Employer Benefit Costs Hours Worked 88 88
Medical Hourly Health and $4.41 $4.41
Welfare Rate
Core Employer Buy-Up Employer Total Health and Welfare
Semi-Monthly Cost Semi-Monthly Cost Beneit $388.08 $388.08
Employee Only $189.76 $195.18
Employee and $273.52 $235.48
Spouse Employer Costs
Employee and Medical $191.12 $304.88
Child(ren) $241.27 $208.41 (Core Plan)
Family $395.85 $337.90 401(k) Match $11.73 $11.73
Dental $2.25 $9.06
Dental Employer Semi-Monthly Cost Long Term Disability $10.00 $10.00
Employee Only $2.25 Life and AD&D $5.16 $5.16
Employee and Spouse $4.50 HSA $31.25 $31.25
Employee and Child(ren) $5.86 Total Employer Costs $251.51 $372.08
Family $9.06 Health and Welfare
Received by Employee per $136.57 $16.00
Semi-Monthly Paycheck
20
2020-21 SCA Health and Welfare
Health and Welfare Other Beneits Employer Costs
The Service Contract Act (SCA) was established to Group Life and AD&D Semi- $3.25
Monthly Cost
ensure that workers are paid not only a minimum Long Term Disability Semi- Varies based on wages
wage but also provided suitable beneits. PSI is Monthly Cost
401(k) Retirement Plan Semi-
required to provide Health and Welfare beneits to all Monthly Cost* Based on match
employees covered by a SCA wage determination as HSA (Core Medical Plan) $31.25
an equivalent hourly amount for all hours paid up to
40 hours per week. This hourly amount is deined in * If employees contributes to the 401(k), the employers match will be
deducted from H&W.
the current wage determination associated with the
government contract that you support, in accordance H&W Calculations Per Semi-Monthly
with 29 CFR ยง 4.170-Furnishing fringe beneits or
equivalents. Period
The following is a semi-monthly H&W calculation for
The Health and Welfare beneit amount are reduced by example purposes only. Your H&W beneit will be based
the employer cost of beneits that you elect. After the on the wage determination for your contract and the
employer costs of beneits are calculated, you will be beneits that
paid any remainder of the beneit as taxable income. you elect.
The following charts identify the employers cost for Employee premium deduction will still be taken from
beneits you are eligible to enroll in. The costs listed for employee semi-monthly wages based on employee
beneits you elect will be deducted from your Health beneit elections.
and Welfare amount.
Coverage Type Individual Family Coverage
Coverage
Employer Benefit Costs Hours Worked 88 88
Medical Hourly Health and $4.41 $4.41
Welfare Rate
Core Employer Buy-Up Employer Total Health and Welfare
Semi-Monthly Cost Semi-Monthly Cost Beneit $388.08 $388.08
Employee Only $189.76 $195.18
Employee and $273.52 $235.48
Spouse Employer Costs
Employee and Medical $191.12 $304.88
Child(ren) $241.27 $208.41 (Core Plan)
Family $395.85 $337.90 401(k) Match $11.73 $11.73
Dental $2.25 $9.06
Dental Employer Semi-Monthly Cost Long Term Disability $10.00 $10.00
Employee Only $2.25 Life and AD&D $5.16 $5.16
Employee and Spouse $4.50 HSA $31.25 $31.25
Employee and Child(ren) $5.86 Total Employer Costs $251.51 $372.08
Family $9.06 Health and Welfare
Received by Employee per $136.57 $16.00
Semi-Monthly Paycheck
20
