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Announcements

June 16, 2016 | Category: Announcement

TO: Faculty and Staff, All campuses

FROM: Lisa Halpert

The Finance Division is pleased to announce a new rate agreement with Health and Human Services for the recovery of fringe benefit costs charged to sponsored grants and contracts. The new rates are effective from July 1, 2016, through June 30, 2017.

The rates are as follows:

Restricted Full Time 28.4%
Mandated 8.4%
Post Doc 20.6%
Faculty Summer Supplement 17.3%

The above fringe benefit rates and the latest HHS Rate Agreement will soon be updated and available on Finance & Planning's website.

Please note the provisional (PROV) fringe benefit rates below. Until new fringe benefit rates for FY18 are negotiated, these rates are to be used for budgeting purposes on grant and contract proposals for awards that will begin after June 30, 2017. These rates are typically used on proposal submissions during the spring, before we get a new HHS Rate Agreement in June.

Provisional Rates:  7/1/2017 Until Amended are as follows:

Restricted Full Time 28.4%
Mandated 8.4%
Post Doc 19.4%
Faculty Summer Supplement 17.2%

If you have any questions, please contact Lisa Halpert at ext. 73719.

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