[pps-news] Fiscal Year 2008-09 GENERAL LIABILITY and EMPLOYMENT PRACTICES INSURANCE ASSESSMENT RATES

[Roberta Nardico]

TO:                  UCRFS Users and Payroll Personnel System Users 

 

FROM:            Shelley Gupta, Assistant Director

                        Academic Planning and Budget

 

DATE:             July 18, 2008

 

RE:                 Fiscal Year 2008-09 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 (Loc 5) effective July 1, 2008:

 

 

 

GL Assessment

EP Assessment

 

 

 

Location 5 (SAU 0)

 

 

     All Funds

.7782%

.2080%

 

 

 

 

This year the UC system as a whole is experiencing tremendous increases
in insurance costs.  The UCR campus alone is seeing an overall 53.3%
increase in insurance costs for FY 2008-09, which is due to an increase
in all insurance premiums (45.5%) and the introduction of the Be Smart
About Safety assessment for GL, EP, Auto Liability, Property, and
Miscellaneous Insurance programs (7.8%).  We are hoping that the
introduction of Be Smart About Safety programs for the previously
mentioned insurance programs will help our campus to reduce our
insurance costs in the future.  In fact, the Office of the President has
stated that if the Be Smart About Safety Program assessments had not
been instituted our insurance costs for FY 2008-09 would have been even
higher.       

 

The assessment rates for Location N will remain unchanged in fiscal year
2008-09 (GL - .1200% and EP - .0800%).  Charges will continue to be
based upon an assessment against actual payroll activity and will be
reflected in account number 780220 for General Liability and 780210 for
Employment Practices in the same Activity-Fund-Function combination in
which payroll activity occurred.  These charges may not be moved to a
different Activity-Fund-Function.

 

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

 

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

            Sick Leave Related (SLA, SKL)

            Comp Time Related (CTA, CTO)

            Staff Recognition and Development (SRD)

 

 

 

 

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.

 

For Location N, assessments related to Federal Government Contracts and
Grants will continue to be charged against centrally held General Funds.

 

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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