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June 26, 2017 | Category: Announcement

TO: All Faculty and Staff

FROM: Lisa Halpert, Office of Budget & Planning

The Office of Budget and Planning 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, 2017, through June 30, 2018.

The rates are as follows:

Restricted Full Time 29.3%
Mandated 8.2%
Post Doc 18.6%
Faculty Summer Supplement 17.1%

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 are noted below.  They will soon be updated and available on the Finance & Planning's website. These provisional rates are to be used for budgeting purposes on grant and contract proposals for awards that will begin after June 30, 2018. These rates are typically used on proposal submissions during the spring, before we get a new HHS Rate Agreement in June.

Restricted Full Time 29.3%
Mandated 8.2%
Post Doc 18.5%
Faculty Summer Supplement 17.1%

If you have any questions, please contact Lisa Halpert at ext. 73719 or Amy Gustavsson at ext. 78863.

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