Total Compensation Statement Overview
Employees of the State of Montana are eligible to receive a number of benefits in addition to salary compensation. Nationwide there is a trend to show employees the value of their overall compensation package provided by their employer in the form of a Total Compensation Statement. This statement contains personalized data designed to show each employee what the employer spends to support his or her position, above and beyond salary.
In the past, this statement has been printed and mailed to employees in the spring. However, this year in an effort to reduce costs, the Health Care and Benefits Division has decided not to print and distribute Total Compensation Statements to employees. To ensure employees have the opportunity to determine their overall compensation, the Health Care and Benefits Division has created instructions to walk employees through the steps necessary to calculate their overall compensation. In order to determine your overall compensation, you will need your last Pay Advice of 2009 for pay period ending 12/18/2009. This is the pay advice dated 12/30/2009. If you received an off-cycle payment or bonus after this advice, you must reference that document. If you receive an actual check versus an electronic deposit, we will not be able to reprint a check; however, we can reprint a Pay Advice for you. If you have further questions, contact your payroll office. If you need a copy of your last Pay Advice of 2009, call the Health Care and Benefits Division at (800) 287-8266 or (406) 444-7462 in Helena.
Total Compensation Statement Components
| TOTAL COMPENSATION |
Paid by State of Montana |
Paid by Employee |
|
Compensation |
||
| Earnings and Other Compensation | $24,048 A | N/A |
| Taxes | ||
| Worker's Compensation | * | N/A |
| State Unemployment Insurance | * | N/A |
| FICA/Medicare1 | $1,839.68 B | $1,839.68 |
| Federal and State Income Tax 1 | N/A | $825.76 C |
| Retirement | ||
| Retirement (MPERA, TRS) 1,2 | $1,659.31 D | $1,659.31 |
| Deferred Compensation 1,2 | N/A | $360.00 E |
| Health and Welfare Benefits | ||
| State Share | ||
| Contributions, Flex Acct Withholding3 | $7,494.00 F | $282.50 G |
| Health Related Benefits | ||
| Paid by the State (Claims) | * | Not Included |
| Your Total Compensation | $35,040.99 |
1 The employee portion of these items are deducted from Earnings and Other Compensation.
2 These items are deducted from Earnings on a pre-tax basis.
3 The employee paid portion of these items may be deducted from Earnings on a pre-tax or post-tax basis as selected by the employee. Flexible spending is only withheld if you elected the Flex Plan Benefit. Contributions refers to the out-of-pocket amount you pay per month for coverage.
A Earnings and Other Compensation includes totals of regular pay, sick leave, sick leave cash out, overtime pay, annual leave, other earnings and shift pay. Be sure to reference Year-to-Date (YTD) earnings columns. Does NOT include travel, relocation, meals, or other allowance amounts.
* These amounts are not available on your final pay advice. Please email a written request to the Health Care and Benefits Division at benefitsquestions@mt.gov if you would like to request these amounts.
B FICA/Medicare - Add Fed MED/EE (YTD) and Fed OASDI/EE (YTD) to get this amount.
C Federal and State Income Tax - Add Federal Withholding (YTD) and Montana Withholding (YTD).
D Retirement includes the employer contribution and employee contribution submitted to your retirement system during the 2009 calendar year. If applicable, this amount may include union pension contributions. Retirement contributions are listed as "Public Employees Retirement" in the Before-Tax Deduction Column. During 2009, the percentage changed slightly which is reflected in the Employee paid amount.
E Deferred Compensation (Section 457 plan) is funded entirely by pre-tax withholdings from the employee. It is listed as, "Deferred Compensation" in the Before-Tax Deduction Column.
F State Share is listed in the "Hours & Earnings" section. If you started employment AFTER the first pay period, you will not have a complete year of State Share.
G The figures used to calculate this amount may be found in the "Before-Tax Deductions" or the "After-Tax Deductions" section depending on if your benefit contributions are taken on a pre- or post-tax basis. Using the Year-to-Date (YTD) column, add all amounts in the section excluding PERS and Deferred Compensation, then subtract the YTD State Share Credit listed in the "Hours and Earnings" section.
H Total of all dollar amounts
A sample pay advice is available as an example of how the above figures were calculated. The intent of this document is to be used for easy understanding of the document, by dragging your mouse over the red triangles. This document is not beneficial in printed format. If you have any questions about the calculation of your overall compensation, contact us by email at benefitsquestions@mt.gov or (800) 287-8266 or (406) 444-7462 in Helena.
