University endowed benefits health insurance "rates"
Aug 23rd 2012, 9:44 pm
#1
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Joined: Aug 2012
Location: Ithaca, NY
Posts: 11
University endowed benefits health insurance "rates"
Hello again,
I am trying to work out how much we will be contributing to health insurance - I will be on Cornell University endowed benefits which has a load of choices of "rates" with the note:
"Rates shown are based on 26 pay periods for nonexempt staff and 24 pay periods for exempt staff and faculty."
This maybe be a really silly question but...I know I get paid twice a month so does this mean a rate of $100, means I have $100 every month or twice a month??
I am trying to work out how much we will be contributing to health insurance - I will be on Cornell University endowed benefits which has a load of choices of "rates" with the note:
"Rates shown are based on 26 pay periods for nonexempt staff and 24 pay periods for exempt staff and faculty."
This maybe be a really silly question but...I know I get paid twice a month so does this mean a rate of $100, means I have $100 every month or twice a month??
Aug 23rd 2012, 9:50 pm
#2
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Joined: May 2010
Location: San Diego, California
Posts: 9,652
Re: University endowed benefits health insurance "rates"
Hello again,
I am trying to work out how much we will be contributing to health insurance - I will be on Cornell University endowed benefits which has a load of choices of "rates" with the note:
"Rates shown are based on 26 pay periods for nonexempt staff and 24 pay periods for exempt staff and faculty."
This maybe be a really silly question but...I know I get paid twice a month so does this mean a rate of $100, means I have $100 every month or twice a month??
I am trying to work out how much we will be contributing to health insurance - I will be on Cornell University endowed benefits which has a load of choices of "rates" with the note:
"Rates shown are based on 26 pay periods for nonexempt staff and 24 pay periods for exempt staff and faculty."
This maybe be a really silly question but...I know I get paid twice a month so does this mean a rate of $100, means I have $100 every month or twice a month??
Aug 23rd 2012, 10:41 pm
#3
BE Forum Addict
Joined: Mar 2008
Location: Santa Cruz, CA
Posts: 4,913
Re: University endowed benefits health insurance "rates"
Yes - a rate of $100 would mean that it is $100 per pay period which, in your case, is twice a month.
