[pps-news] General Liability and Employment Practices Insurance Assessment Rates - FY 2010-11

[Gabe Nwandu]

DATE:           July 20, 2010 

 

TO:              Payroll Personnel System Users 

FROM:          Matthew Hull, Associate Vice Chancellor, Resource Planning and Budget
RE:               General Liability and Employment Practices Insurance Assessment Rates - FY 2010-11
                                                                                                                                         

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, 2010:

 

 

GL Assessment

EP Assessment

Location 5 (SAU 0) - All Funds

1.1099%

0.0570%

Location N (SAU 4 & 5) - All Funds

0.0700%

0.0400%

 

General Liability and Employment Practices

 

The General Liability rate for Location 5 is increasing from last year due to a sizable increase in the Property Program costs resulting from the multi-million dollar property losses our campus has experienced during the last two-years. Fortunately, the Employment Practices rate for Location 5 is decreasing primarily due to the impact of the Be Smart About Safety programs on our premiums. The General Liability and Employment Practices rates for Location N are developed by ANR/OP and are unrelated to the Location 5 rates.

 

Charges will continue to be based upon an assessment against actual payroll activity and will be reflected in account numbers:

.         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 Stephanie Flores at extension 27715 or by e-mail at Stephanie.Flores at ucr.edu <mailto:Stephanie.Flores at ucr.edu> 

-------------- next part --------------
An HTML attachment was scrubbed...
URL: http://lists.ucr.edu/pipermail/pps-news/attachments/20100720/efaa4c41/attachment.html