Employee Benefit Costs (COA)
Employee Benefit Costs
Employer's share of social security, retirement, medical insurance, disability, unemployment and worker's compensation paid on behalf of state employees. This account is also used for retaining budgeted reserves for staff benefits which must be transferred to expenditure accounts prior to disbursement.
Social Security Contributions
531510 Social Security Contributions Universities 531511 Appropriated 531512 Receipts 531513 Undesignated
Retirement Contributions
Regular Retirement
531520 Regular Retirement Universities 531521 Appropriated 531522 Receipts 531523 Undesignated LEO Retirement
531530 LEO Retirement Universities 531531 Appropriated 531532 Receipts 531533 Undesignated Optional Retirement
531540 Optional Retirement Universities 531541 Appropriated 531542 Receipts 531543 Undesignated 531550 Other Retirement
Medical Insurance Contributions
531560 Medical Insurance Contributions Universities 531561 Appropriated 531562 Receipts 531563 Undesignated
Other Employer Contributions
531572 Unemployment Compensation Payments to ESC 531573 Worker's Compensation Premiums 531574 Additional Employee Benefits 531575 Employee Assistance Program 531576 Flexible spending savings account
This account is to record transfers of employer social security savings derived from employee participation in healthcare and dependant care flexible spending account programs. This account replaces the old account 538010 effective 7/1/2007.531580-531589 Open 531590 Reserves for Staff Benefits Employee Educational and Other Expenses - These accounts are classified as Employee Benefits for year-end reporting.
- 532941 Educational Assistance Program Taxable
- 532942 Other Employee Training Expenses Non-Taxable
- 532950 Employee Moving Expenses
- 532951 Staff Tuition Waiver - Resident/Nonresident