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<p class=MsoNormal><font size=3 color=black face="Trebuchet MS"><span
style='font-size:12.0pt;font-family:"Trebuchet MS";color:black'>May 16, 2007<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 color=black face="Trebuchet MS"><span
style='font-size:12.0pt;font-family:"Trebuchet MS";color:black'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=3 color=black face="Trebuchet MS"><span
style='font-size:12.0pt;font-family:"Trebuchet MS";color:black'>To: All
Departments<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 color=black face="Trebuchet MS"><span
style='font-size:12.0pt;font-family:"Trebuchet MS";color:black'>Fr: Payroll
Office<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 color=black face="Trebuchet MS"><span
style='font-size:12.0pt;font-family:"Trebuchet MS";color:black'>Re: SRDP
assessment rate change effective 04/01/2007<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 color=black face="Trebuchet MS"><span
style='font-size:12.0pt;font-family:"Trebuchet MS";color:black'>-----------------------------------------------------------------------------------------<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 color=black face="Trebuchet MS"><span
style='font-size:12.0pt;font-family:"Trebuchet MS";color:black'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=3 color=black face="Trebuchet MS"><span
style='font-size:12.0pt;font-family:"Trebuchet MS";color:black'>For the last
three months of 2006/07 (April, May and June), the assessment rate for Staff
Recognition and Development Program (SRDP) for PSS and MSP (non-represented) employees
has decreased from 0.92% to 0.80%. The funding available for 2006-07 is 0.89%
of payroll base. On July 1, 2007, the new rate will be 0.87%. <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 color=black face="Trebuchet MS"><span
style='font-size:12.0pt;font-family:"Trebuchet MS";color:black'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=3 color=black face="Trebuchet MS"><span
style='font-size:12.0pt;font-family:"Trebuchet MS";color:black'>On a related
topic, the IAP assessment rate for the HX unit has been turned off from 0.50%
to 0.00% effective April 1, 2007. <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 color=black face="Trebuchet MS"><span
style='font-size:12.0pt;font-family:"Trebuchet MS";color:black'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=3 color=black face="Trebuchet MS"><span
style='font-size:12.0pt;font-family:"Trebuchet MS";color:black'>The benefits
rates table at: <a href="http://accounting.ucr.edu/ben2007.htm"><font
color=black><span style='color:black'>http://accounting.ucr.edu/ben2007.htm</span></font></a>
has been updated.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 color=black face="Trebuchet MS"><span
style='font-size:12.0pt;font-family:"Trebuchet MS";color:black'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=3 color=black face="Trebuchet MS"><span
style='font-size:12.0pt;font-family:"Trebuchet MS";color:black'>Thank you.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 color=black face="Trebuchet MS"><span
style='font-size:12.0pt;font-family:"Trebuchet MS";color:black'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=3 color=black face="Trebuchet MS"><span
style='font-size:12.0pt;font-family:"Trebuchet MS";color:black'>*******************************<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 color=black face="Trebuchet MS"><span
style='font-size:12.0pt;font-family:"Trebuchet MS";color:black'>Gabe Nwandu -
MBA, CPA.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 color=black face="Trebuchet MS"><span
style='font-size:12.0pt;font-family:"Trebuchet MS";color:black'>Director -
Payroll, Travel and Disbursements<o:p></o:p></span></font></p>
<p class=MsoNormal><st1:place w:st="on"><st1:PlaceType w:st="on"><font size=3
color=black face="Trebuchet MS"><span style='font-size:12.0pt;font-family:
"Trebuchet MS";color:black'>University</span></font></st1:PlaceType><font
color=black face="Trebuchet MS"><span style='font-family:"Trebuchet MS";
color:black'> of <st1:PlaceName w:st="on">California</st1:PlaceName></span></font></st1:place><font
color=black face="Trebuchet MS"><span style='font-family:"Trebuchet MS";
color:black'>, Accounting Department<o:p></o:p></span></font></p>
<p class=MsoNormal><st1:City w:st="on"><st1:place w:st="on"><font size=3
color=black face="Trebuchet MS"><span style='font-size:12.0pt;font-family:
"Trebuchet MS";color:black'>Riverside</span></font></st1:place></st1:City><font
color=black face="Trebuchet MS"><span style='font-family:"Trebuchet MS";
color:black'>, CA. 92521<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 color=black face="Trebuchet MS"><span
style='font-size:12.0pt;font-family:"Trebuchet MS";color:black'>Tel:
951.827.1956; Fax: 951.827.3314<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 color=black face="Trebuchet MS"><span
style='font-size:12.0pt;font-family:"Trebuchet MS";color:black'>E-mail: <a
href="mailto:gabe@ucr.edu"><font color=black><span style='color:black'>gabe@ucr.edu</span></font></a>;
Internet: <a href="http://accounting.ucr.edu"><font color=black><span
style='color:black'>http://accounting.ucr.edu</span></font></a>. </span></font><font
color=black face="Trebuchet MS"><span style='font-family:"Trebuchet MS";
color:black'><o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 face="Trebuchet MS"><span style='font-size:
12.0pt;font-family:"Trebuchet MS"'><o:p> </o:p></span></font></p>
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