STATE OF CONNECTICUT
THE STATE COMPTROLLER
55 ELM STREET
HARTFORD, CONNECTICUT 06106-1775
MEMORANDUM NO. 2002-25
July 1, 2002
TO THE HEADS OF ALL STATE AGENCIES
|Attention:||Fiscal and Administrative Officers, Business Managers, Payroll and Personnel Officers|
|Subject:||2002-2003 Fringe Benefit Cost Recovery Rate|
The rates listed on the attached chart are effective July 1, 2002 and should be used for any fringe benefit cost recovery taking place on or after July 1, 2002.
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.
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. In order that the appropriate fringe benefit rate be applied, a variance is now required when paying employees covered by the Hazardous Duty Retirement Plan, the Judges/Compensation Commissioners Retirement Plan from any funding source subject to fringe benefit cost recovery.
To comply with the requirements necessitated by a change in procedure in paying accrued leave at the death of an employee (See Comptroller's Memoranda No. 2000-34) all accrued leave payments, regardless of the employee retirement plan and reason, must use either expenditure object 01-090 Accrued Sick Leave at Retirement Or Death - Subject to FICA/Medicare, 01-220 Accrued Sick Leave at Retirement or Death - Not Subject to FICA/Medicare, 01-120 Accrued Vacation at Termination, Retirement, or Death - Subject to FICA/Medicare, or 01-190 Accrued Vacation at Death - Not Subject to FICA/Medicare. Prior to making accrued leave payments from any funding source subject to fringe benefit cost recovery to employees who are members of the Hazardous Duty Retirement Plan, Teacher's Retirement System, Alternate Retirement Plan, or Judges/Compensation Commissioner's Retirement System contact the Cost Reporting Unit of the Budget and Financial Analysis Division for the application of the appropriate rate.
All variances approved in 2001-02 or earlier will be deleted for check date August 23, 2001. Variances for 2002-2003 will require a new request.
If there are any questions, please call our Cost Reporting Unit of the Budget and Financial Analysis Division at (860)702-3364.
Attachment - Fringe Benefit Cost Recovery Rates By Expenditure Object -Effective July 1, 2002
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