Fringe Benefits Change for FY 15

(April 1, 2014)-Sponsored Program Accounting (SPA) has just announced that fringe benefit rates will be changing as of July 1, 2014. Fringe benefit rates are to be applied to the salary amount for the employee(s) listed in the grant budget. Note that post-doc fringe benefit rates are the same as for faculty. Fringe benefit rates are established each year in negotiations with the university’s cognizant federal agency, Department of Health and Human Services. The new rates are listed below:

 

                                                            FY14                       FY15

Full-Time Faculty                                   28.6                        28.1

Full-Time Staff                                       29.6                        32.2

Part-Time Faculty & Staff                        8.1                          7.6

Graduate Students                               44.0                        45.2

Tuition                                                  36.5                        38.9

Health Insurance                                   7.5                          6.3