ERIC Number: ED252130
Record Type: RIE
Publication Date: 1984
Reference Count: 0
College and University Employee Retirement and Insurance Benefits Cost Survey.
Comparative information on expenditures by colleges and universities for employee retirement and insurance benefits is presented for 1984. Results of the survey, which was administered to 639 institutions, provide information on each benefit category on: expenditures as a percentage of total gross payroll, and expenditures as dollars per employee per year. The weighted average employer expenditure for retirement and insurance benefits was 18.6 percent of payroll or $3,789 per employee per year. As a percent of payroll, total employer retirement and insurance expenditures reported by the institutions range from less than 6 percent to over 32 percent. Eighty percent of the institutions reported a dollar amount between $1,750 and $4,499 per employee. Average expenditures for retirement and insurance benefits for public liberal arts colleges was 21 percent, while those of public universities was 19.2 percent. By region, average retirement and insurance expenditures ranged between 16.4 percent of payroll in the South and 21.0 percent in the West. All but four of the respondents reported expenditures for one or more types of pension plan; 93 reported expenditures for life insurance plans, while 99 percent indicated health insurance expenditures. The survey questionnaire is appended. (SW)
Descriptors: College Faculty, Comparative Analysis, Expenditures, Fringe Benefits, Geographic Regions, Higher Education, Insurance, Private Colleges, Questionnaires, Retirement Benefits, State Colleges, Teacher Retirement
Teachers Insurance and Annuity Association, College Retirement Equities Fund, 730 Third Avenue, New York, NY 10017 ($4.50).
Publication Type: Numerical/Quantitative Data; Reports - Research; Tests/Questionnaires
Education Level: N/A
Authoring Institution: N/A
Identifiers: Teachers Insurance and Annuity Association