Total Compensation Model
Table 16 BENEFITS AS AN AVERAGE PERCENTAGE OF SALARY & WAGES
CATEGORY PERCENTAGE OF VALUE
TOTAL COMPENSATION
Holidays 4.62% $1,671.93
Sick Leave 4.62% $1,671.93
Vacation Leave 7.60% $2,750.36
OASI – DI [Social Security] 7.65% $2,768.46
Retirement
Retirement Systems Pension Fund 2.34%
-Death Benefit Trust Fund .16%
-Retiree Health Plan Reserve 3.80%
-Disability Income Plan .52% 6.82% $2,468.09
Health Insurance 10.65% $3,853.68
Longevity Pay 1.50% $542.83
Total Benefit Value 43.46% $15,727.28
In determining the Percentage of Total Compensation, the average years of state service are
10.5 years and an average salary of $36,189 as of 12/31/05. The total percentage is added to
employees' base pay.
Total Base Pay $36,189
Total Benefit Value $15,727
Total Compensation $51,916
Source: Office of State Personnel, Office of State Budget and Management and the NC
Retirement Systems