[pps-news] Benefit Rates Table (R 07/08)

[Roberta Nardico]

July 18, 2008

 

TO:     All Departments

FR:     Payroll Office

RE:     Benefit Rates Table (R 07/08) 

________________________________________________________

 

The following benefit rates have changed effective with July 2008
earnings. Old rates are in parenthesis.  Percentage based benefits are
calculated based on the monthly gross payroll.

 

1. Workers Compensation Insurance 

    All Funds - 1.15% (1.51%) - decrease of 23.84 percent

 

2. Unemployment Insurance 

    Federal Funds - 0.18% (0.30%) - decrease of 40 percent

    Other Funds - 0.18% (0.24%) - decrease of 25 percent

 

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

    All Funds - 3.09% (2.86%) - increase of 8 percent

 

4. Benefits Administration Assessment 

    All Funds - 0.16% (0.18%) - decrease of 11.11 percent

 

5. Staff Recognition & Development Award Program (SRDP) for
non-represented employees

    All Funds - 0.89% (0.89%) - same 

 

6. The following are assessed outside of the Payroll Expenditure
Distribution process and charged to your general ledger:

 

a. General Liability (Location 5) - 0.7782% (0.2194%) - increase of
254.7 percent

b. General Liability (Location N) - 0.1200% (0.1200%) - no change

c. Employment Practices (Location 5) - 0.2080% (0.1964%) - increase of
5.9 percent

d. Employment Practices (Location N) - 0.0800% (0.0800%) - no change

 

For a complete list of all the benefit rates, please logon to our
website: http://accounting.ucr.edu/ben2008.htm

 

Thank You.

 

***************************************

Roberta Nardico

Payroll Supervisor

Direct Line:  (951) 827-1943

Payroll Office:  (951) 827-3307

E-mail:  roberta.nardico at ucr.edu

 

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