MEMORANDUM NO. 99-29
July 1, 1999
TO THE HEADS OF ALL STATE AGENCIES
| Attention: | Fiscal and Administrative Officers, Business Managers,Payroll and Personnel Officers |
| Subject: | 1999-2000 Fringe Benefit Cost Recovery Rate |
Effective July 1, 1999 the fringe benefit cost recovery rates are as follows:
| Expenditure Object |
Description | Fringe Benefit Rate |
| 01-010 | Full Time | 41.28% |
| and all other codes | ||
| not listed below | ||
| 01-020 | Temporary | 30.00% |
| 01-030 | Contractual | 7.47% |
| 01-040 | Student Labor | 0.00% |
| 01-050 | Fees | 0.00% |
| 01-090 | Accumulated Sick Leave at Normal | 7.47% |
| Retirement | ||
| 01-130 | Patient or Inmate Workers | 0.00% |
| 01-150 | Graduate Assistants - UCONN | 11.13% |
| 01-170 | Hazardous Duty Pay Differential | 39.81% |
| 01-180 | Overtime - Temporary Employee | 30.00% |
| 01-220 | Accumulated Sick Leave at Death | 0.00% |
| or Disability | ||
| 01-240 | Allowances/Reportable Payments | 19.95% |
| Alternate Retirement Plan | ||
| Without Social Security | ||
| 01-250 | Allowances/Reportable Payments | 27.42% |
| Alternate Retirement Plan | ||
| With Social Security | ||
| 01-260 | Allowances/Reportable Payments | 27.34% |
| Teachers Retirement Without | ||
| Social Security | ||
| 01-270 | Allowances/Reportable Payments | 28.79% |
| Teachers Retirement With | ||
| Medicare Social Security | ||
| 01-310 thru 01-380 | Teachers Retirement System | 27.34% |
| Without Medicare Social Security | ||
| 01-390 | Teachers Retirement Plan - | 0.00% |
| Accumulated Sick Leave at Retirement | ||
| 01-410 thru 01-480 | Teachers Retirement Plan With - | 28.79% |
| Medicare Social Security | ||
| 01-490 | Teachers Retirement Plan - | 0.00% |
| Accumulated Sick Leave at Retirement | ||
| 01-510 thru 01-580 | Alternate Retirement Plan Without | 19.95% |
| Social Security | ||
| 01-590 | Alternate Retirement Plan - | 0.00% |
| Accumulated Sick Leave at Retirement | ||
| 01-610 thru 01-680 | Alternate Retirement Plan | 27.42% |
| Social Security | ||
| 01-690 | Alternate Retirement Plan - | 7.47% |
| Accumulated Sick Leave at Retirement | ||
| 01-710 thru 01-780 | Alternate Retirement Plan With - | 21.40% |
| Medicare Social Security | ||
| 01-790 | Alternate Retirement Plan - | 0.00% |
| Accumulated Sick Leave at Retirement | ||
| 01-800 thru 01-850 | Lecturers (CSU) | 7.47% |
| 01-860 | Federal College Work-Study (CSU) | 0.00% |
| 01-870 | Federal College Work-Study Match (CSU) | 0.00% |
| 01-880 | Summer Workers (CSU) | 7.47% |
| 01-890 | Co-operative Ed Students (CSU) | 7.47% |
| 01-900 | Student/Graduate Interns (CSU) | 0.00% |
| 01-920 | Interest Penalty - Payroll Awards | 0.00% |
| 01-930 | Durational Employees-No Benefits-UCONN | 30.00% |
| 01-950 | Buy Back Option | 0.00% |
| 01-960 | Foreign Nationals with F-1 | 11.13% |
| J-1 Visa | ||
| 01-970 | Graduate Assistants (CSU) | 0.00% |
| Hazardous Duty With | 39.81% | |
| Social Security | ||
| Hazardous Duty Without | 32.34% | |
| Social Security | ||
| Judges & Compensation Commissioners | 62.81% |
The above rates are effective July 1, 1999 and should be used for any fringe benefit cost recovery taking place on or after July 1, 1999.
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 | 22.53% | |
| Alternate Retirement Plan | 8.67% | |
| Teachers Retirement Plan | 16.06% | |
| SERS Hazardous Duty | 21.06% | |
| Judges/Compensation Commissioners | 44.06% | |
| Unemployment Compensation | 0.00% | |
| Group Life Insurance | 0.15% | |
| FICA-Social Security | 6.02% | |
| FICA-Medicare | 1.45% | |
| Medical Insurance | 11.13% |
All variances approved in 1998-99 or earlier will be deleted for check date August 27, 1999. Variances for 1999-2000 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 |
NW:RWK
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