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Fringe Benefit Rates for Fiscal Year 2009

Research Foundation Fringe Benefit Rates

Rates - Fiscal Year 2008-2009

Components

Regular Employees

Graduate Students

Undergraduate Students

Summer-Only Employees

SUNY–IFR

(NYS Rate) ***

Retirement

11.9

8.0

8.58

Group Health Insurance*

14.3

10.9

22.28

Social Security

7.2

1.0

3.4

7.3

7.44

Dental Insurance

1.3

0.61

Vacation and Sick Leave Payments **

1.1

New York State Unemployment Insurance

0.4

0.1

0.3

0.1

.12

Group Life Insurance

0.1

0.09

Long Term Disability Insurance

0.3

Workers' Compensation

0.8

0.2

0.1

0.5

2.66

New York State Disability Insurance

0.1

0.3

1.2

0.1

Employee Benefit Funds

.89

TOTAL RATE

37.5%

12.5%

5.0%

16.0%

42.67%

* Group Health Insurance includes vision benefits.

** This component consists of payments for accrued unused vacation leave made in accordance with the Research Foundation Leave Policy to employees who have terminated, changed accruing status, or transferred. It also includes payments for absences over 30 calendar-days that are charged to sick leave.

*** Represents the FY-09 IFR (NYS) rate for federal funds.

New York State Rate

The rate becomes effective July 1 in conjunction with the beginning of the fiscal year observed by State University of New York (SUNY).

Rate Approval Document

The fringe benefit rates are established with the U.S. Department of Health and Human Services (DHHS). The annual approval process encompasses updates to the negotiation agreements just for those campuses that have large program costs; however, the final DHHS approval process applies to all SUNY locations administered by the RF.

In DHHS's March 11, 2008 letter to the RF, DHHS states that "the fringe benefit rates that were negotiated apply to all SUNY campuses administered by the Research Foundation." Fixed rates for fiscal years 2008 and 2009 and provisional rates are also outlined in that letter. The letter serves as an approval document for those campuses whose individual rate agreement was not amended.

Budgeting with the Rates

The approved fringe benefit rates must be used in all applications that request salary support beyond July 1, 2008.


Budgeting for Future Years

For fiscal years beginning on or after July 1, 2009, the following approach is recommended:

Type of Employee

Year

Rate

Regular

 

2010

39.5%

2011

38.0%

2012

39.0% and subsequent years

Graduate Student

 

2010

13.5%

2011

14.0%

2012

15.0% and subsequent years

Undergraduate Student

 

2010

6.0%

2011

6.0%

2012

6.0% and subsequent years

Summer-Only

 

2010

16.0%

2011

16.0%

2012

16.5% and subsequent years

SUNY Employee (IFR)

 

2010

46.81%

2011

48.90%

2012

51.66%

Change History

 

 

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