[pps-news] Benefits Rate Table Changes effective July 2011
Gabriel Nwandu
gabe.nwandu at ucr.edu
Tue Jul 19 12:08:57 PDT 2011
July 19, 2011
TO: All Departments
FR: Payroll Office
RE: Benefits Rate Table Changes effective July 2011
_______________________________________________
The following employer-paid benefit rates will change effective with July 2011 earnings. Old rates are in parenthesis.
Percentage based benefits are calculated based on the monthly gross payroll.
1. University of California Retirement Plan (UCRP)
a. All Funds - 7.00% (4.00%) - increase of 75.00 percent
2. Workers Compensation Insurance
a. All Funds - 0.56% (0.73%) - decrease of 23.29 percent
3. Unemployment Insurance
a. General Funds - 0.60% (0.45%) - increase of 33.33 percent
b. Federal Funds - 0.60% (0.54%) - increase of 11.11 percent
c. Other Funds - 0.45% (0.54%) - decrease of 16.67 percent
4. Other Post Employment Benefits (OPEB) - formerly Annuitant Health Insurance
a. All Funds - 3.51% (3.31%) - increase of 6.04 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) - 0.7900% (1.1099%) - decrease of 28.82 percent
b. Employment Practices (Location 5) - 0.1250% (0.0570%) - increase of 119.3 percent
6. Graduate Student Remission Programs
a. Graduate Student Health Insurance Program(GSHIP) with Admin fee/QTR - $588.00 ($641.00) - decrease of 8.27 percent
b. Graduate Student Fee Remission (GSFR) - Residents per QTR - $3,708.00 ($3,434.00) - increase of 7.98 percent
c. Graduate Student Fee Remission (GSFR) - Non-Residents per QTR - $3,708.00 ($3,570.00) - increase of 3.87 percent
For a complete list of all the benefit rates, please logon to our website: http://accounting.ucr.edu/payroll/benefits_cal.html
Thank You.
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