Proposed Fringe Benefit Pool Rates Effective for Fiscal Year 2012-13

Michael V. McKee, Assistant Vice President and University Controller

The University has calculated new proposed pooled fringe rates and has submitted them to the U.S. Department of Health and Human Services. Although we do not expect any objection, these proposed rates are subject to their approval and as such should be used with that understanding in your planning for fiscal year 2012-13. The rates, when approved, will be effective July 1, 2012.

The pooled rates include the following benefits:

1. FICA OASDI (Social Security)
2. FICA Medicare
3. Health Insurance (including graduate assistant and postdoctoral associates health insurance)
4. Retirement (employer contributions)
5. Life Insurance
6. Clinical disability insurance
7. Worker’s Compensation
8. Unemployment Compensation
9. Vacation Leave Cash Outs
10. Sick leave pool payments
11. Paid parental leave payments

The employee categories and corresponding proposed benefit rates are as follows:

	FY2013	FY2012	Change
Faculty (9-,10-, and 12-month)	23.2%	26.9%	-3.7%
COM Clinical Faculty	18.7%	22.5%	-3.8%
Exempt TEAMS/USPS	29.7%	30.0%	-0.3%
Non-Exempt TEAMS/USPS	41.4%	40.8%	+0.6%
Housestaff/Clinical Post Docs	25.1%	31.4%	-6.3%
Graduate Assistants & Reg Post Docs	4.4%	8.3%	-3.9%
Student OPS/Federal Work Study	1.7%	3.1%	-1.4%
Other OPS/Temporary Faculty	2.9%	2.6%	+0.3%

The proposed rates include impacts of legislation related to employer contributions toward retirement.  In addition, the rates take into account the changes in the leave cash out policy.

Finally, the significant reduction in the rate for Graduate Assistants and Regular Post Docs is related to the FY 2012 decreases in the costs of Post Doc and Gator Grad Care health insurance.  Those decreased costs resulted in an over-collection related to that benefit.  If conditions remain stable this year, we anticipate that rate to return to approximately 8% for FY 2014.

Please contact the following individuals if you have any questions:
Brian Kuhl, bkuhl@ufl.edu or by phone 392-1231
Jim Ferrer, jferrer@ufl.edu or by phone 392-2402