|TO:||Deans, Directors, Department Chairs, and Department Administrators (for distribution to all Faculty)|
|FROM:||L Kim Moreland, Director|
|SUBJECT:||Fringe Benefit Rates for July 1, 2007 through June 30, 2008|
|Regular Faculty and Academic Staff||37.50%|
|Research Associates and Grad Interns||24.50%|
|Research Assistants, Project Assistants, Teaching Assistants, Pre-Doc Fellows and/or Trainees||27.50%|
|Post-Doc Fellows and/or Trainees||13.50%|
|Limited Term Employes (LTE's)||17.50%|
|Ad Hoc Program Specialists, Undergraduate Assistants and Undergraduate Interns||6.00%|
|Student Hourly Employes||2.00%|
This year, the rate changes for many categories, particularly Faculty and Academic Staff and Classified, are larger than in previous years. The fluctuations are due to DHHS, our cognizant audit agency, changing the methodology for the handling of previous years' under- or over-recovery of actual costs. Regrettably, this change has reduced the University's ability to smooth out the impact of increasing health insurance and retirement costs over longer periods of time.
The specific components for each
rate are detailed in a schedule that has been published at: http://www.rsp.wisc.edu/chap4/rn/rn07-1t.html.
We appreciate your assistance in assuring that all projects with an anticipated beginning date of July 1, 2007 or later utilize the above rates.
xc: School/College Research Administrators