Approved 2014-2015 Fringe Benefit Pool Rates

Kim C. Simpson, Assistant Vice President and University Controller

The U.S. Department of Health and Human Services has approved the rates for the pooled fringe benefits for fiscal year 2014-15.  These rates are the same as those communicated in the Administrative Memo dated May 23, 2014 and are effective July 1, 2014.

The employee categories and corresponding benefit rates are as follows:

                                                                              FY2015               FY2014      Change

Faculty (9-,10-, and 12-month)                            27.8%                 26.3%          1.5%

COM Clinical Faculty                                             17.5%                 17.1%          0.4%

Exempt TEAMS/USPS                                            31.8%                 33.3%         -1.5%

Non-Exempt TEAMS/USPS                                    45.6%                 45.5%         0.1%

Housestaff/Clinical Post Docs (CPFI)                    25.2%                 18.1%          7.1%

Graduate Assistants/Reg Post Docs (FAPD)         13.1%                   7.2%          5.9%

Student OPS/Federal Work Study                          1.6%                   1.6%          0.0%

Other OPS/Temporary Faculty                               3.9%                   4.6%         -0.7%

 

The pooled rates include the following benefits:
FICA OASDI (Social Security)
FICA Medicare
Health Insurance (including graduate assistant and postdoctoral associates health insurance)
Retirement (employer contributions)
Life Insurance
Clinical disability insurance
Worker’s Compensation
Unemployment Compensation
Vacation Leave Cash Outs
Sick leave pool payments
Paid parental leave payments

These rates include impacts of proposed legislation related to employer contributions toward retirement and health insurance. Earnings projections are also included to provide the best possible rate estimates.

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