New 2016-17 Fringe Benefit Pool numbers announced
In a May 11 UF Administrative Memo, Alan M. West, assistant vice president and university controller, announced the proposed pooled fringe rates for the 2016-17 fiscal year. Those rates were subsequently approved by the U.S Department of Health and Human Services (DHHS).
The rates will be effective July 1, 2016. The employee categories and corresponding proposed benefit rates are as follows:
FY2017 | FY2016 | Change | |
Faculty (9-,10-, and 12-month) | 26.9% | 25.7% | 1.2% |
COM Clinical Faculty | 16.4% | 17.5% | -1.1% |
Exempt TEAMS/USPS | 36.9% | 33.3% | 3.6% |
Non-Exempt TEAMS/USPS | 44.8% | 42.9% | 1.9% |
Housestaff/Clinical Post Docs (CPFI) | 22.1% | 28.1% | -6.0% |
Grad. Assistants/Reg Post Docs (FAPD) | 20.4% | 14.9% | 5.5% |
Student OPS/Federal Work Study | 2.5% | 2.6% | -0.1% |
Other OPS/Temporary Faculty | 7.6% | 5.4% | 2.2% |
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
Please contact the following individuals if you have any questions:
- Brian Kuhl, bkuhl@ufl.edu or (352) 294-7266
- Greg Dubois, gdubois@ufl.edu or(352) 392-2402