Approved Fringe Benefit Pool Rates Effective for Fiscal Year 2013-14

Michael V. McKee, Assistant Vice President and University Controller

The U.S. Department of Health and Human Services has approved our proposed pooled fringe rates as submitted. The rates were effective July 1, 2013 and have been updated in the MyUFL system centrally.

Benefits included in the pooled rates include:

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 approved benefit rates are as follows:

COM Clinical Faculty 17.1%
Faculty (9-,10-, and 12-month) 26.3%
Exempt TEAMS/USPS 33.3%
Non-Exempt TEAMS/USPS 45.5%
Housestaff/Clinical Post Docs 18.1%
Graduate Assistants/Reg Post Docs 7.2%
OPS/Temporary Faculty 4.6%
Student OPS/Federal Work Study 1.6%