Retirement and Health Insurance
In terms of total dollars spent, three categories of benefits (medical, retirement, and Social Security) account for more than 90 percent of total benefits at public institutions, and approximately 85 percent at private institutions. Retirement and Social Security contributions generally increase with salary, while medical benefits do not. Public colleges and universities show less variation in the amount of benefits than is found among private institutions. All benefits showed an increase over 2006–07, with the exception of small decreases in Social Security benefits at private associate institutions and in the “other benefits” category for public community colleges and doctoral institutions. Table 5 shows the amount paid by the institution or state on behalf of the faculty member.
COMMENTS: