New 2016-17 Fringe Benefit Pool numbers announced

Published: June 1, 2016 8:55 am

new fringe benefit poolIn 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:

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