Re: Fringe Benefit rates Rusty Okoniewski 04 Oct 1999 17:02 EST
Gina, The differences in which fringe benefit rate(s) are applied to salary in summer and the academic year vary from institution to institution. However, a general principle would be that in many universities or colleges, faculty are charged certain fringe benefits (such as life insurance, health insurance, etc.) over the 9-month or 10 month academic year (fall and spring sememsters in the semester system - 3 quarters in most quarter systems.) Because the costs for the "annual" policies are fully charged over the academic year (rather than the calendar year) (9 or 10 months vs. 12 months, the policies are "paid up" for all faculty. Thus, faculty not employed during the summer months are "covered" all year (12 months) but pay the entire premium for the "coverage" over a shorter time period. Therefore, should these same faculty be hired (either on regular payroll or on a contract/grant) during the summer, it is not necessary to pay again for these "coverages." These charges have already been paid. Thus, many institutions have different rates for summer employees who are also on academic year contracts. I hope this helps. Rusty Okoniewski, Interim Director IFAS Sponsored Programs University of Florida G040 McCarty Hall-D PO Box 110110 Gainesville, FL 32611-0110 Telephone: (352) 392-2356 Fax: (352) 392-8479 E-mail: xxxxxx@gnv.ifas.ufl.edu Visit IFAS Sponsored Programs Homepage http://grants.ifas.ufl.edu -----Original Message----- From: Research Administration List [mailto:xxxxxx@HRINET.ORG]On Behalf Of Gina Lee Glauser Sent: Monday, October 04, 1999 12:50 PM To: xxxxxx@HRINET.ORG Subject: Fringe Benefit rates 1) Could someone explain to me what is a difference between academic and summer fringe benefit rates? 2) Could you also provide me with the breakdown of what constitute or what has been deleted for the summer FB rate? 3) Would this be double dipping since non-active faculty members receive a same (is it?) benefit as active faculty members? Thanks in advance for your response. gina ====================================================================== Instructions on how to use the RESADM-L Mailing List, including subscription information and a web-searchable archive, are available via our web site at http://www.hrinet.org (click on "Listserv Lists") ====================================================================== ====================================================================== Instructions on how to use the RESADM-L Mailing List, including subscription information and a web-searchable archive, are available via our web site at http://www.hrinet.org (click on "Listserv Lists") ======================================================================