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. 97-34

July 1, 1997

TO THE HEADS OF ALL STATE AGENCIES

ATTENTION:Fiscal and Administrative Officers, Business Managers, Payroll and Personnel Officers
SUBJECT: 1997-98 Fringe Benefit Cost Recovery Rate

Effective July 1, 1997 the fringe benefit cost recovery rates are as follows:

ExpenditureFringe Benefit
ObjectDescriptionRate
01-010
and all other codes
not listed below
Full Time35.85%
01-020Temporary25.41%
01-030Contractual7.62%
01-040Student Labor0.00%
01-050Fees0.00%
01-090Accumulated Sick Leave at Normal Retirement7.33%
01-130Patient or Inmate Workers0.00%
01-150Graduate Assistants - UCONN10.30%
01-180Overtime - Temporary Employee25.41%
01-220Accumulated Sick Leave at Death or Disability0.00%
01-240Allowances/Reportable Payments
Alternate Retirement Plan
Without Social Security
18.85%
01-250Allowances/Reportable Payments
Alternate Retirement Plan
With Social Security
26.18%
01-260Allowances/Reportable Payments
Teachers Retirement Without
Social Security
28.56%
01-270Allowances/Reportable Payments
Teachers Retirement With
Social Security
28.56%
01-310 thru 01-380Teachers Retirement System
Without Medicare Social Security
28.56%
01-390Teachers Retirement Plan -
Accumulated Sick Leave at Retirement
0.00%
01-410 thru 01-480Teachers Retirement Plan With
Medicare Social Security
28.56%
01-490Teachers Retirement Plan -
Accumulated Sick Leave at Retirement
0.00%
01-510 thru 01-580Alternate Retirement Plan Without
Social Security
18.85%
01-590Alternate Retirement Plan -
Accumulated Sick Leave at Retirement
0.00%
01-610 thru 01-680Alternate Retirement Plan With
Social Security
26.18%
01-690Alternate Retirement Plan -
Accumulated Sick Leave at Retirement
7.33%
01-710 thru 01-780Alternate Retirement Plan With
Medicare Social Security
18.85%
01-790Alternate Retirement Plan -
Accumulated Sick Leave at Retirement
0.00%
01-800 thru 01-850Lecturers (CSU)7.62%
01-860Federal College Work-Study (CSU)0.00%
01-870Federal College Work-Study Match (CSU)0.00%
01-880Summer Workers (CSU)25.41%
01-890Co-operative Ed Students (CSU)7.62%
01-900Student/Graduate Interns (CSU)0.00%
01-920Interest Penalty - Payroll Awards0.00%
01-930Durational Employees-No Benefits-UCONN25.41%
01-950Buy Back Option0.00%
01-960Foreign Nationals with F-1 or J-1 Visa10.30%
01-970Graduate Assistants (CSU)0.00%
Hazardous Duty With Medicare Social Security37.23%
Hazardous Duty Without Social Security29.90%
Judges & Compensation Commissioners72.12%

The above rates are effective July 1, 1997 and should be used for any fringe benefit cost recovery taking place on or after July 1, 1997.

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 Regular Employees 17.79%
Alternate Retirement Plan 8.12%
Teachers Retirement Plan 17.83%
SERS Hazardous Duty 19.17%
Judges/Compensation Commissioners 54.06%
Unemployment Compensation 0.29%
Group Life Insurance 0.14%
Social Security 7.33%
Medical Insurance 10.30%

All variances approved in 1996-97 or earlier will be deleted for check date August 29, 1997. Variances for 1997-98 will require a new request.

If there are any questions, please call our Budget and Financial Analysis Division at 702-3364.

NANCY WYMAN
STATE COMPTROLLER

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