[pps-news] Benefits Rate Table Changes effective July 2010 (revised)

[Gabe Nwandu]

July 21, 2010

 

The benefits rate table changes published on July 20, has been revised to include Vacation Leave Accrual assessment rates.  Please see item #8 below.

 

TO:     All Departments

FR:     Payroll Office

RE:     Benefits Rate Table Changes effective July 2010

_______________________________________________

 

The following benefit rates will change effective with July 2010 earnings. Old rates are in parenthesis.

Percentage based benefits are calculated based on the monthly gross payroll.

 

1. Workers Compensation Insurance

All Funds - 0.73% (0.99%) - decrease of 26 percent

 

2. Unemployment Insurance 

General Funds - 0.45% (0.25%) - increase of 80 percent

Federal Funds - 0.54% (0.36%) - increase of 50 percent

Other Funds - 0.54% (0.30%) - increase of 80 percent

 

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

All Funds - 3.31% (3.12%) - increase of 6 percent

 

4. Benefits Administration Assessment 

All Funds - 0.17% (0.16%) - increase of 6 percent

 

5. General Liability and Employment Practices - assessed outside of the Payroll Expenditure Distribution process and charged to your general ledger.

a. General Liability (Location 5) - 1.1099% (0.7140%) - increase of 56 percent

b. General Liability (Location N) - 0.0700% (0.0800%) - decrease of 12.5 percent

c. Employment Practices (Location 5) - 0.0570% (0.1734%) - decrease of 67 percent

d. Employment Practices (Location N) - 0.0400% (0.0500%) - decrease of 20 percent


6. Communication Infrastructure Fee (formerly Communication Worker Fee) - assessed outside of the Payroll Expenditure Distribution process and charged to your general ledger.

Fee per FTE  - $47.59 ($24.00) - increase of 98 percent

Fee per Student Assistant I and II - $23.80 ($12.00) - increase of 98 percent

 

7.  Graduate Remission Programs

a.    Graduate Student health Insurance (GSHIP) with Admin fee/QTR - $641.00 ($603.00) - increase of 6 percent

b.    Graduate Student Fee Remission (GSFR) - Residents per QTR - $3,434.00 ($2,968.00) - increase of 15.7 percent

c.     Graduate Student Fee Remission (GSFR) - Non-Residents per QTR - $3,570.00 ($3,085.00) - increase of 15.72 percent

d.    Graduate Student Fee Remission -AGSM per QTR - $3,404.00 ($2,864.00) - increase of 18.85 percent  

 

8. Vacation Leave Accrual  - Gross salary multiplied by applicable rate below (increase of 50 percent)

 

  Effective 07/2010  (old factors in parenthesis effective 03/2010) 

LEAVE CODE

CASUAL/
STUDENTS

RETIREMENT WITHOUT FICA

RETIREMENT WITH FICA

SAFETY MEMBERS

A and G

.0459 (.0306)

.0528 (.0352) 

.0554 (.0369)

.0561 (.0374) 

B and H

.0551 (.0367) 

.0633 (.0422) 

.0666 (.0444)

.0674 (.0449) 

C and J

.0644 (.0429)

.0740 (.0493) 

.0777 (.0518) 

.0786 (0524) 

D and K

.0735 (.0490) 

.0846 (.0564)

.0888 (.0592) 

.0900 (.0600) 

E

.0735 (.0490) 

.0846 (.0564)

.0888 (.0592) 

.0900 (.0600) 

F

.0000

.0000

.0000

.0000

 

For a complete list of all the benefit rates, please logon to our website: http://accounting.ucr.edu/ben2010.htm <http://accounting.ucr.edu/ben2010.htm> .

 

Thank You.

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