Total Compensation Statement

Contact the HR Solutions Center for any questions you may have regarding the Total Compensation Statement, we can be reached at 765-285-1834.

This statement is not intended to match your Form W-2 as that form is responsible for showing your taxable wages per IRS guidelines.  The intention of this statement is to communicate your entire compensation package as an employee of the University.

This statement details your annual earnings as well as your employee benefits like tuition remission and the University’s contributions to your total compensation package. 

This statement is broken down into four sections:

  • Earnings – this section shows your gross wages by earnings category.

     

  • Benefits – this section shows your contributions and the University’s contributions to your employee benefits.

     

  • Retirement – this section shows your contributions and the University’s contributions to your retirement accounts.

     

  • Summary – this section shows a summary of each section listed above and a grand total line that shows your contributions to your benefits and retirement as well the University’s contributions to your whole compensation package for last year.

This statement details your annual earnings as well as your employee benefits like tuition remission and the University’s contributions to your total compensation package. 

This statement shares information about your annual earnings and benefits, it shows you the University’s total investment in you as an employee of the University.

This statement includes all wages from any job you have at BSU as well as your associated benefits.

The “allowances” line listed in the earnings section shows allowances paid for items like cell phone, automobile, clothing, and wellness.
The “other” line listed in the summary section shows taxable benefit items like university paid life insurance premiums over $50,000 in coverage, the personal use of a loaner car, club memberships, moving expense reimbursements, lodging, and clothing receipts.
The Total Compensation Statement does provide the same information as a pay stub.  It also includes tuition remission benefits and taxable fringe benefits as a view of your total compensation package.
You can contact the HR Solution Center at 765-285-1834 or email humanresources@bsu.edu