FY 2004 BENEFIT RATE INFORMATION

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The fringe benefit rates for FY 2004 effective July 1, 2003 are as follows:

Rate 1 - 27.4% Faculty and Senior Administrators with staff benefit code A, F, L, O, S, Z and 2. (Base rate on salary up to $80,000. Refer to the Schedule for rates on salaries above $80,000.)

Rate 2 - 29.7% Professional, Administrative, Supervisory (PAS) and nonexempt staff (excluding 1199) with benefit code D, E, J, K, M, N, Q, R, U, Y and 3

Rate 3* - 11.2% Visiting faculty, TAR staff, employee class codes B, C, V, X, P

Rate 4 - 17.7% Interns and Residents, Postdocoral Fellows. Employee class Code H, I, or 1

Rate 6 - 48.3% Members of the bargaining units 1199 employee class code U

Rate S - 12.5% Faculty summer compensation (includes retirement).

Rate 7 - 7.65% Extra Compensation (no retirement) up to Social Security upper limit of 87,000.

Rate 8 - 30.4% Temporary Services Program, employee class code T

Rate 9 - 1.45% Extra compensation rate if salary exceeds $87,000.

*This rate does not include costs to cover health insurance premiums. During the summer period, undergraduate and graduate students who are not enrolled on a full-time basis and are paid on the undergraduate payroll will be charged this rate.

Revised 5/2003