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<p class=MsoNormal><b><font size=3 face="Times New Roman"><span
style='font-size:12.0pt;font-weight:bold'>MEMORANDUM<o:p></o:p></span></font></b></p>
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face="Times New Roman"><span style='font-size:12.0pt;font-weight:bold'><o:p> </o:p></span></font></b></p>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>TO: Payroll Personnel System Users<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>FROM: Shelley Gupta, Principal Resource Analyst<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'> Academic Planning and Budget<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>DATE: June 26, 2006<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>RE: <b><span style='font-weight:bold'>FY 2006-07 WORKER’S
COMPENSATION INSURANCE RATES<o:p></o:p></span></b></span></font></p>
<p class=MsoNormal><u><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'> </span></font></u><o:p></o:p></p>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>A rate of $1.62/$100 payroll has been established to fund
Worker’s Compensation costs for the Campus effective July 1, 2006.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>This rate has decreased 12.90% from the FY 2005-06 rate of $1.86/$100
payroll. This decrease is primarily due to a significant decrease in the cost
of risk.<o:p></o:p></span></font></p>
<p class=MsoNormal style='margin-left:1.0in'><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>If you have any questions, please feel free to contact me at extension 22876
or via email at <a href="mailto:shelley.gupta@ucr.edu">shelley.gupta@ucr.edu</a>.<o:p></o:p></span></font></p>
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