STATE OF CONNECTICUT
COMPTROLLER
OFFICE OF
THE STATE COMPTROLLER
55 ELM STREET
HARTFORD, CONNECTICUT 06106-1775
DEPUTY COMPTROLLER
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STATE OF CONNECTICUT |
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| NANCY WYMAN COMPTROLLER |
OFFICE OF
THE STATE COMPTROLLER |
MARK OJAKIAN DEPUTY COMPTROLLER |
MEMORANDUM NO. 2001-36
July 1, 2001
TO THE HEADS OF ALL STATE AGENCIES
| Attention: | Fiscal and Administrative Officers, Business Managers, Payroll and Personnel Officers |
| Subject: | 2001-2002 Fringe Benefit Cost Recovery Rate |
The rates listed on the attached chart are effective July 1, 2001 and should be used for any fringe benefit cost recovery taking place on or after July 1, 2001.
All personal service expenditures from Federal and Private Grants accounted for in the General Fund and any funds other than the General Fund are subject to fringe benefit cost recovery.
The FICA component has been split into two parts, FICA-Social Security and FICA-Medicare. Where appropriate, rates have been established for those classes of employees that contribute to only the FICA-Medicare portion.
Rates have been established for employees covered by the Hazardous Duty Retirement Plan and the Judges/Compensation Commissioners Retirement Plan . Continue to use existing expenditure object coding for payroll purposes. In order that the appropriate fringe benefit rate be applied, a variance is now required when paying employees covered by the Hazardous Duty Retirement Plan, the Judges/Compensation Commissioners Retirement Plan from any funding source subject to fringe benefit cost recovery.
To comply with the requirements necessitated by a change in procedure in paying accrued leave at the death of an employee (See Comptroller's Memoranda No. 2000-34) all accrued leave payments, regardless of the employee retirement plan and reason, must use either expenditure object 01-090 Accrued Sick Leave at Retirement Or Death - Subject to FICA/Medicare, 01-220 Accrued Sick Leave at Retirement or Death - Not Subject to FICA/Medicare, 01-120 Accrued Vacation at Termination, Retirement, or Death - Subject to FICA/Medicare, or 01-190 Accrued Vacation at Death - Not Subject to FICA/Medicare. Prior to making accrued leave payments from any funding source subject to fringe benefit cost recovery to employees who are members of the Hazardous Duty Retirement Plan, Teacher's Retirement System, Alternate Retirement Plan, or Judges/Compensation Commissioner's Retirement System contact the Cost Reporting Unit of the Budget and Financial Analysis Division for the application of the appropriate rate.
All variances approved in 2000-01 or earlier will be deleted for check date August 25, 2000. Variances for 2001-2002 will require a new request.
If there are any questions, please call our Cost Reporting Unit of the Budget and Financial Analysis Division at (860)702-3364.
NANCY WYMAN
STATE COMPTROLLER
NW:RWK
| Fringe Benefit Cost Recovery Rates By Expenditure Object -Effective July 1, 2001 | ||
|---|---|---|
| Expenditure | Fringe Benefit | |
| Object | Description | Rate |
| 01-010 | Full Time | 42.29% |
| ---------------and all other codes not listed below------------- | ||
| 01-020 | Temporary | 29.42% |
| 01-030 | Contractual | 7.47% |
| 01-040 | Student Labor | 0.00% |
| 01-050 | Fees | 0.00% |
| 01-090 | Accrued Sick Leave at Retirement | 7.41% |
| or Death - Subject to FICA/Medicare | ||
| 01-120 | Accrued Vacation at Termination, Retirement, | 29.36% |
| or Death - Subject to FICA/Medicare | ||
| 01-130 | Patient or Inmate Workers | 0.00% |
| 01-150 | Graduate Assistants - UCONN | 12.69% |
| 01-170 | Hazardous Duty Pay Differential | 42.72% |
| 01-180 | Overtime - Temporary Employee | 29.42% |
| 01-190 | Accrued Vacation at Death - | 21.95% |
| Not Subject to FICA/Medicare | ||
| 01-220 | Accrued Sick Leave at Retirement | 0.00% |
| or Death - Not Subject to FICA/Medicare | ||
| 01-240 | Allowances/Reportable Payments | 22.27% |
| Alternate Retirement Plan | ||
| Without FICA/Medicare | ||
| 01-250 | Allowances/Reportable Payments | 29.68% |
| Alternate Retirement Plan | ||
| With FICA/Medicare | ||
| 01-260 | Allowances/Reportable Payments | 30.66% |
| Teachers Retirement Without | ||
| Medicare | ||
| 01-270 | Allowances/Reportable Payments | 32.11% |
| Teachers Retirement With | ||
| Medicare | ||
| 01-310 thru 01-370 | Teachers Retirement System | 30.66% |
| Without Medicare | ||
| 01-410 thru 01-470 | Teachers Retirement Plan With | 32.11% |
| Medicare | ||
| 01-510 thru 01-570 | Alternate Retirement Plan | Without 22.27% |
| FICA/Medicare | ||
| 01-610 thru 01-670 | Alternate Retirement Plan With | 29.68% |
| FICA/Medicare | ||
| 01-710 thru 01-770 | Alternate Retirement Plan With | 23.72% |
| Medicare | ||
| 01-800 thru 01-850 | Lecturers (CSU) | 7.47% |
|
01-860 |
Federal College Work-Study (CSU) | 0.00% |
| 01-870 | Federal College Work-Study Match (CSU) | 0.00% |
| 01-880 | Summer Workers (CSU) | 7.47% |
| 01-890 | Co-operative Ed Students (CSU) | 7.47% |
| 01-900 | Student/Graduate Interns (CSU) | 0.00% |
| 01-920 | Interest Penalty - Payroll Awards | 0.00% |
| 01-930 | Durational Employees-No Benefits-UCONN | 29.42% |
| 01-950 | Buy Back Option | 0.00% |
| 01-960 | Foreign Nationals with F-1 or | 12.69% |
| J-1 Visa | ||
| 01-970 | Graduate Assistants (CSU) | 0.00% |
Fringe benefit cost recovery rates for full time employees of selected retirement plans:
| Hazardous Duty With | 42.72% |
| FICA/Medicare | |
| Hazardous Duty Without | 35.31% |
| FICA/Medicare | |
| Judges & Compensation Commissioners | 67.23% |
Fringe Benefit Rate By Component
| SERS Regular Employees | 21.95% |
| Alternate Retirement Plan | 9.34% |
| Teachers Retirement Plan | 17.73% |
| SERS Hazardous Duty | 22.38% |
| Judges/Compensation Commissioners Retirement Plan | 46.89% |
| Unemployment Compensation | 0.06% |
| Group Life Insurance | 0.18% |
| FICA | 5.96% |
| Medicare | 1.45% |
| Medical Insurance | 12.69% |
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