State of Connecticut

Attachment to MEMORANDUM NO. 2003-29

Fringe Benefit Cost Recovery Rates By Expenditure Object - Effective July 1, 2003

Expenditure Fringe Benefit
Object Description Rate
01-010 Full Time 45.82%
---------------and all other codes not listed below-------------
01-020 Temporary 32.82%
01-030 Contractual 7.23%
01-040 Student Labor 0.00%
01-050 Fees 0.00%
01-090 Accrued Sick Leave at Retirement 7.08%

or Death - Subject to FICA/Medicare

01-120 Accrued Vacation at Termination, Retirement, 32.67%

or Death - Subject to FICA/Medicare

01-130 Patient or Inmate Workers 0.00%
01-150 Graduate Assistants - UCONN 12.82%
01-170 Hazardous Duty Pay Differential 45.35%
01-180 Overtime - Temporary Employee 32.82%
01-190 Accrued Vacation at Death - 25.59%
Not Subject to FICA/Medicare
01-220 Accrued Sick Leave at Retirement 0.00%
or Death - Not Subject to FICA/Medicare
01-240 Allowances/Reportable Payments 22.58%
Alternate Retirement Plan
Without FICA/Medicare
01-250 Allowances/Reportable Payments 29.66%
Alternate Retirement Plan
With FICA/Medicare
01-260 Allowances/Reportable Payments 29.64%
Teachers Retirement Without Medicare
01-270 Allowances/Reportable Payments 31.03%
Teachers Retirement With
Medicare
01-310 through 01-370 Teachers Retirement System 29.64%
Without Medicare
01-410 through 01-470 Teachers Retirement Plan With 31.03%
Medicare
01-510 through 01-570 Alternate Retirement Plan Without 22.58%
FICA/Medicare
01-610 through 01-670 Alternate Retirement Plan With 29.66%
FICA/Medicare
01-710 through 01-770 Alternate Retirement Plan With 23.97%
Medicare
01-800 through 01-850 Lecturers (CSU) 7.23%
01-860 Federal College Work-Study (CSU) 0.00%
01-870 Federal College Work-Study Match (CSU) 0.00%
01-880 Summer Workers (CSU) 7.23%
01-890 Co-operative Ed Students (CSU) 7.23%
01-900 Student/Graduate Interns (CSU) 0.00%
01-920 Interest Penalty - Payroll Awards 0.00%
01-930 Durational Employees-No Benefits-UCONN 32.82%
01-950 Buy Back Option 0.00%
01-960 Foreign Nationals with F-1 or J-1 Visa 12.82%
01-970 Graduate Assistants (CSU) 0.00%
  

Fringe benefit cost recovery rates for full time employees of selected retirement plans: 

Hazardous Duty With   

  45.35% 

FICA/Medicare Hazardous Duty Without   

 38.27% 

FICA/Medicare Judges & Compensation Commissioners   

  67.55%    

Fringe Benefit Rate By Component 

SERS Regular Employees   

  25.59% 

Alternate Retirement Plan   

  9.43% 

Teachers Retirement Plan   

  16.49% 

SERS Hazardous Duty   

  25.12% 

Judges/Compensation Commissioners Retirement Plan   

  47.32% 

Unemployment Compensation   

 0.15% 

Group Life Insurance   

  0.18%

FICA   

  5.69% 

Medicare   

  1.39% 

Medical Insurance   

  12.82%

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