[pps-news] GENERAL LIABILITY and EMPLOYMENT PRACTICES INSURANCE (FY2006-07 rates)

Fri Apr 21 17:51:04 PDT 2006

MEMORANDUM

TO:                  UCRFS Users and Payroll Personnel System Users 

FROM:            Shelley Gupta, Principal Resource Analyst

                        Academic Planning and Budget

DATE:             April 6, 2006

RE:                 Fiscal Year 2006-07 GENERAL LIABILITY and EMPLOYMENT
PRACTICES INSURANCE ASSESSMENT RATES

The following assessment rates have been established to fund the General
Liability (GL) and Employment Practice (EP) Insurance Programs for the
General Campus effective July 1, 2006:

GL Assessment

EP Assessment

Location 5 (SAU 0)

     All Funds

.3375%

.1999%

General Liability and Employment Practices

Due to the increases in General Liability, Employment Practices, and
Miscellaneous Insurance premiums over last year, both the General
Liability rate and the Employment Practices rate are being increased in
2006-2007 for Location 5. 

Actual charges are calculated by applying the applicable assessment rate
against salaries and wages payable associated with all DOS codes except
the following:

            Fellowship Payments (FEL, FES, FEN)

            Vacation Related (VLA, VAC, VLT, TRM, PTO, PTT)

            Sick Leave Related (SLA, SKL)

            Comp Time Related (CTA, CTO)

            Incentive Award Payments (IIA, TIA, MIA, PDA, SPA)

For Location 5, assessments related to Federal Government, State
Government, Local Government, and Private Contracts and Grants will
continue to be charged against centrally held indirect cost recovery
funds.

The assessment rates for Location N will be provided as soon as they
become available.

If you have any questions, please contact Shelley Gupta at extension
22876 or by e-mail at shelley.gupta at ucr.edu.

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