Friday, May 9, 2014

FY15 FRINGE BENEFIT RATES - SIMPLIFIED FRINGE

May 9, 2014

The University is adopting what they are calling "Simplified Fringe" rates beginning in FY15.  Under the Simplified Fringe, the full fringe rate is charged for all employees in the fringe group regardless of the term of the appointment, the funding source, or percent time of the appointment/standard hours of work.

The new fringe rates are as follows:

Academic and Police:  33.9% rate
Non-Academic, includes all civil service and labor represented classifications:  26.4% rate
Partial Benefits, includes all temp/casual classifications:  7.7% rate
Grad Asst GA Heath, includes all Graduate Students with and without tuition benefits:  16.8% rate
Graduate UPlan, includes all Post Doctoral Associates:  21.5% rate

These rates are currently only for use on non-sponsored chart strings.

Once these fringe rates are approved by the Federal Government, they will then be applied to all sponsored projects as well.

If you have any questions about which fringe rate applies to what classifications, please contact me.  I've got a conversion chart.

Pam

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