Office of Research and Project Administration
FY 2008 BENEFIT RATE INFORMATION
benefit rates for FY 2008 effective July 1, 2007 are as follows:
Rate 1 - 27.1% Faculty and Senior Administrators
Rate 2 - 31.4% Professional, Administrative, Supervisory (PAS) and nonexempt staff
*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.
**Change due primarily to inclusion of prior year variance.
***Change due to an increase in the percentage of salary paid into the National Benefit Fund (NBF). The NBF rate increased from 28.8% to 31.6%.