[pps-news] Benefits Rate table (revised 7/2005)

[Gabe Nwandu]

August 10, 2005 

 

TO:     All Departments

FR:     Payroll Office

RE:     Benefit Rates Table (R 07/05) 

________________________________________________________

 

The following benefit rates have changed effective with July 2005 earnings.
Old rates are in parenthesis.  Percentage based benefits are calculated
based on the monthly gross payroll.

 

1. Workers Compensation Insurance 

    All Funds - 1.86% (2.13%) - decrease of 12.68% 

 

2. Other Post Employment Benefits (OPEB) - formerly Annuitant Health
Insurance 

    All Funds - 2.55% (2.35%) - increase of 8.51%.

 

3. Benefits Administration Assessment Rate

    All Funds - 0.13% (0.00%) - increase of 100%.

 

3. Public Employees Retirement System (PERS)

    All Funds - 15.942% (17.022%) - decrease of 6.35%

 

4. Graduate Student Health Insurance (GSHIP) per QTR (effective fall QTR)

    All Funds - $518.00 ($520.50) - decrease of 0.48%

 

5. Graduate Student Fee Remission-Residents (GSFR) per QTR (effective fall
QTR)

    All Funds - $2299.00 ($2090.00) - increase of 10.00%

 

6. Graduate Student Fee Remission-Non-Residents (GSFR) per QTR (effective
fall QTR)

    All Funds - $2388.00 ($2172.00) - increase of 9.94%

 

7. Graduate Student Tuition Remission (GSTR) per QTR (effective fall QTR)

    All Funds - $4898.00 ($4898.00) - no change

 

For a complete list of all the benefit rates, please logon to our website:
http://accounting.ucr.edu/ben2005.htm. 

 

Thank You.

 

----------------------------------------------------------------

Gabe Nwandu, MBA, CPA.

Director - Payroll, Travel and Disbursements

UC Riverside, Riverside, CA 92521

Tel: 951-827-3307; Fax: 951-827-3314

E-mail: gabe.nwandu at ucr.edu; Internet: accounting.ucr.edu. 

 

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