November 25, 2014
Dear Principal Investigators and Research Administrators:
Our cognizant agency, the Department of Health and Human Services (DHHS), Division of Cost Allocation has just approved our new benefit rates. Please note that the new benefit rates are based on TUC’s actual benefit expenses and a standard calculation scheme imposed by DHHS. TUC has no influence on the results.
The new rates will be charged to all sponsored programs for personnel costs incurred after December 1, 2014.
Rate 1: 9.1% (until 11/30/2014: 8.2%)
For Employees Receiving No Benefits:
* Student Assistants
* Casual Appointments
* Temporary Appointments
* Salary < 6 month
* Salary < 20 hr/week
* Hourly < 2 years
* Hourly < 2 years & < 1000 hrs/year
Rate 2: 17.4% (until 11/30/2014: 15.5%)
For Employees with Retirement Benefits Only:
* Hourly > 2 years & > 1000 hrs/year
* Casual Appointments > 2 years & > 1000 hrs/year
* Eligible for, but declined Health Benefits
Rate 3: 27.2% (until 11/30/2014: 30.7%)
For Employees with Health Benefits But Not Yet Eligible for Retirement (< 2 Years)
* Hourly - Fully Benefited
* Salary > 6 month & 20 hours/week
Rate 4: 40.3% (until 11/30/2014:44.3%)
For Employees with Health Benefits And Eligible for Retirement (> 2Years)
* Hourly - Fully Benefited
* Salary > 6 month & 20 hours/week