Seal of the Office of the State Comptroller

MEMORANDUM NO. 98-29

July 1, 1998

TO THE HEADS OF ALL STATE AGENCIES

Attention: Fiscal and Administrative Officers, Business Managers, Payroll and Personnel Officers
Subject: 1998-99 Fringe Benefit Cost Recovery Rate

Effective July 1, 1998 the fringe benefit cost recovery rates are as follows:

Expenditure
Object

Description
Fringe Benefit
Rate
01-010
and all other codes
not listed below
Full Time 35.55%
01-020 Temporary 26.12%
01-030 Contractual 6.74%
01-040 Student Labor 0.00%
01-050 Fees 0.00%
01-090
Accumulated Sick Leave at Normal
Retirement
6.58%
01-130 Patient or Inmate Workers 0.00%
01-150 Graduate Assistants - UCONN 9.30%
01-180 Overtime - Temporary Employee 26.12%
01-220
Accumulated Sick Leave at Death
or Disability
0.00%
01-240
Allowances/Reportable Payments
Alternate Retirement Plan
Without Social Security
18.42
01-250
Allowances/Reportable Payments
Alternate Retirement Plan
With Social Security
25.00%
01-260
Allowances/Reportable Payments
Teachers Retirement Without
Social Security
25.97%
01-270
Allowances/Reportable Payments
Teachers Retirement With
Medicare Social Security
27.24%
01-310 thru 01-380
Teachers Retirement System
Without Medicare Social Security
25.97%
01-390
Teachers Retirement Plan -
Accumulated Sick Leave at Retirement
0.00%
01-410 thru 01-480
Teachers Retirement Plan With
Medicare Social Security
27.24%
01-490
Teachers Retirement Plan -
Accumulated Sick Leave at Retirement
0.00%
01-510 thru 01-580
Alternate Retirement Plan Without
Social Security
18.42%
01-590
Alternate Retirement Plan -
Accumulated Sick Leave at Retirement
0.00%
01-610 thru 01-680
Alternate Retirement Plan With
Social Security
25.00%
01-690
Alternate Retirement Plan -
Accumulated Sick Leave at Retirement
6.58%
01-710 thru 01-780
Alternate Retirement Plan With
Medicare Social Security
19.69%
01-790
Alternate Retirement Plan -
Accumulated Sick Leave at Retirement
0.00%
01-800 thru 01-850 Lecturers (CSU) 6.74%
01-860 Federal College Work-Study (CSU) 0.00%
01-870 Federal College Work-Study Match (CSU) 0.00%
01-880 Summer Workers (CSU) 6.74% (revised)
01-890 Co-operative Ed Students (CSU) 6.74%
01-900 Student/Graduate Interns (CSU) 0.00%
01-920 Interest Penalty - Payroll Awards 0.00%
01-930 Durational Employees-No Benefits-UCONN 26.12%
01-950 Buy Back Option 0.00%
01-960 Foreign Nationals with F-1 or J-1 Visa 9.30%
01-970 Graduate Assistants (CSU) 0.00%
Hazardous Duty With
Social Security
36.14%
Hazardous Duty Without
Social Security
29.56%
Judges & Compensation Commissioners 60.73%

The above rates are effective July 1, 1998 and should be used for any fringe benefit cost recovery taking place on or after July 1, 1998.

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.

In a change from prior years the FICA component has been split into two parts, FICA-Social Security and FICA-Medicare. Where appropriate, rates have been established for those classes of employees that contribute to only the FICA-Medicare portion.

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 19.38%
Alternate Retirement Plan 8.83%
Teachers Retirement Plan 16.38%
SERS Hazardous Duty 19.97%
Judges/Compensation Commissioners 44.56%
Unemployment Compensation 0.16%
Group Life Insurance 0.13%
FICA-Social Security 5.31%
FICA-Medicare 1.27%
Medical Insurance 9.30%

All variances approved in 1997-98 or earlier will be deleted for check date August 28, 1998. Variances for 1998-99 will require a new request.

If there are any questions, please call our Budget and Financial Analysis Division at (860) 702-3364.

 

NANCY WYMAN
STATE COMPTROLLER

NW:RWK

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