FY 2014 and Projected FY 2015 Fringe Benefits Rates

Below is a table of the FY 2014 and Projected FY 2015 fringe benefits rates. Beginning on July 1st 2014, the rates will change as shown below:

Rates From
FY 2014
To
FY 2015
Full-time faculty and university staff - executive 24.9% 27.7%
Full-time classified staff and university staff - managerial & professional and operational & administrative 32.1% 36.5%
Part-time faculty and staff with benefits (20-31 hrs) 24.9% 27.7%
Part-time faculty and staff without benefits and wage 6.0% 6.0%

OSP suggests that the new FY 2015 rates be used on any new proposal that will have salaries expensed after July 1, 2014.