September 21, 2012
Our cognizant agency, the Department of Health and Human Services (DHHS), Division of Cost Allocation has just approved our new benefit rates. The new rates will be charged to all sponsored programs for personnel costs incurred after September 16, 2012.
Rate 1: 10.7% (until 9/30/2012: 8.8%) 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: 16.0% (until 9/30/2012:15.8%) 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: 25.4% (until 9/30/2012: 30.1%) For Employees with Health Benefits But Not Yet Eligible for Retirement (< 2 Years)
* Hourly - Fully Benefited
* Salary > 6 month & 20 hours/week
Rate 4: 38.9% (until 9/30/2012: 42.3%) For Employees with Health Benefits And Eligible for Retirement (> 2Years)
* Hourly - Fully Benefited
* Salary > 6 month & 20 hours/week