Proposed 2015-2016 Fringe Benefit Pool Rates

Published: April 20th, 2015

Category: Memos

Brad S. Staats, Interim Assistant Vice President and University Controller

The University has calculated the new proposed pooled fringe rates for fiscal year 2015-16 and has submitted them to the U.S. Department of Health and Human Services. Although we do not expect any objections, the proposed rates are subject to DHHS approval and should be used with that understanding in your planning for fiscal year 2015-16. The rates, when approved, will be effective July 1, 2015.

The pooled rates include the following employer costs of taxes and 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

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

Employee Categories FY2016 FY2015 Change
Faculty (9-,10-, and 12-month) 25.7% 27.8% -2.1%
COM Clinical Faculty 17.5% 17.5% 0.0%
Exempt TEAMS/USPS 33.3% 31.8% 1.5%
Non-Exempt TEAMS/USPS 42.9% 45.6% -2.7%
Housestaff/Clinical Post Docs 28.1% 25.2.1% 2.9%
Graduate Assistants/Reg Post Docs 14.9% 13.1% 1.8%
Student OPS/Federal Work Study 2.6% 1.6% 1.0%
Other OPS/Temporary Faculty 5.4% 3.9% 1.5%

Please contact the following individuals if you have any questions:

Brian Kuhl, or by phone 352-392-1231
Greg Dubois, or by phone 352-392-2402

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