COMPTROLLER'S SEAL STATE OF CONNECTICUT
STATE OF CONNECTICUT
NANCY WYMAN
COMPTROLLER
OFFICE OF THE STATE COMPTROLLER
55 ELM STREET
HARTFORD, CONNECTICUT 06106-1775
MARK OJAKIAN
DEPUTY COMPTROLLER

MEMORANDUM NO. 95 - 44

July 1, 1995

TO THE HEADS OF ALL STATE AGENCIES

Attention: Fiscal and Administrative Officers, Business Managers,
Payroll and Personnel Officers
Subject: 1995-96 Fringe Benefit Cost Recovery Rate

Effective July 1, 1995 the fringe benefit cost recovery rates are as follows:

Expenditure
Object
DescriptionFringe Benefit
Rate
01-010
and all other codes
not listed below
Full Time 40.01%
01-020 Temporary 29.84%
01-030 Contractual 7.85%
01-040 Student Labor 0.00%
01-050 Fees 0.00%
01-090 Accumulated Sick Leave
at Normal Retirement
7.64%
01-130 Patient or Inmate Workers 0.00%
01-150 Graduate Assistants - UCONN 10.02%
01-180 Overtime - Temporary Employee 29.84%
01-220 Accumulated Sick Leave at Death or Disability 0.00%
01-240 Aiiowances/Reportable Payments Alternate 19.06%
Retirement Plan Without Social Security
01-250 Allowances/Reportable Payments Alternate 26.70%
Retirement Plan With Social Security
01-260 Allowances/Reportable Payments Teachers 27.50%
Retirement Without Social Security
01-270 Allowances/Reportable PaymentsTeachers 27.50%
Retirement With Social Security
01-310 thru 01-380 Teachers Retirement System Without Social Security 27.50%
01-390 Teachers Retirement Plan - Accumulated 0.00%
Sick Leave at Retirement
01-410 thru 01-480 Teachers Retirement Plan With 27.50%
Medicare Social Security
01-490 Teachers Retirement Plan - 0.00%
Accumulated Sick Leave at Retirement
01-510 thru 01-580 Alternate Retirement Plan Without 19.06%
Social Security
01-590 Alternate Retirement Plan - 0.00%
Accumulated Sick Leave at Retirement
01-610 thru 01-680 Alternate Retirement Plan With 26.70%
Social Security
01-690 Alternate Retirement Plan - 7.64%
Accumulated Sick Leave at Retirement
01-710 thru 01-780 Alternate Retirement Plan With 19.06%
Medicare Social Security
01-790 Alternate Retirement Plan - 0.00%
Accumulated Sick Leave at Retirement
01-800 thru 01-850 Lecturers (CSU) 7.85%
01-860 Federal College Work-Study (CSU) 0.00%
01-870 Federal College Work-Study Match (CSU) 0.00%
01-880 Summer Workers (CSU) 29.84%
01-890 Lecturers (CSU) 7.85%
01-900 Student/Graduate Interns (CSU) 0.00%
01-920 Interest Penalty - Payroll Awards 0.00%
01-930 Durational Employees-No Benefits- UCONN 7.85%
01-950 Buy Back Option 0.00%
01-960 Foreign Nationals with F-1 or J-1 Visa 10.02%
01-970 Graduate Assistants (CSU) 0.00%
Hazardous Duty With Medicare
Social Security
34.27%
Hazardous Duty Without
Social Security
26.63%
Judges & Compensation Commissioners 46.62%

The above rates are effective July 1, 1995 and should be used for any fringe benefit cost recovery taking place on or after July 1, 1995.

All personal service expenditures from Federal and Private Grants accounted for in the General Fund and any funds other than the General Fund are subject to fringe benefit cost recovery.

Rates have been established for employees covered by the Hazardous Duty Retirement Plan and the Judges/Compensation Commissioners Retirement Plan. Continue to use existing expenditure object coding for payroll purposes.

A variance is now required when paying employees covered by the Hazardous Duty Retirement Plan, the Judges/Compensation Commissioners Retirement Plan or with Federal or any fund other than the General Fund.

For information purposes the rate by component is provided below.

SERS Contributions 21.51%
SERS Administration 0.48%
Alternate Retirement Plan 8.68%
Teachers Retirement Plan 17.12%
Hazardous Duty 16.25%
Judges/Compensation Commissioners 28.60%
Unemployment Compensation 0.21%
Group Life Insurance 0.15%
Social Security 7.64%
Medical Insurance 10.02%

All variances approved in 1994-95 or earlier will be deleted for check date August 4, 1995. Variances for 1995-96 will require a new request.

If there are any questions, please call our Accounting Systems Division at 566-5337.

Nancy Wyman,
State Comptroller

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