COMPTROLLER
55 ELM STREET
HARTFORD, CONNECTICUT 06106-1775
DEPUTY COMPTROLLER
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| STATE OF CONNECTICUT | ||
| NANCY WYMAN COMPTROLLER |
OFFICE OF
THE STATE COMPTROLLER 55 ELM STREET HARTFORD, CONNECTICUT 06106-1775 |
MARK OJAKIAN DEPUTY COMPTROLLER |
MEMORANDUM NO. 95 - 44
July 1, 1995
TO THE HEADS OF ALL STATE AGENCIES
| Attention: | Fiscal and Administrative Officers, Business
Managers, Payroll and Personnel Officers |
| Subject: | 1995-96 Fringe Benefit Cost Recovery Rate |
Effective July 1, 1995 the fringe benefit cost recovery rates are as follows:
| Expenditure Object | Description | Fringe Benefit Rate |
|---|---|---|
| 01-010 and all other codes not listed below | Full Time | 40.01% |
| 01-020 | Temporary | 29.84% |
| 01-030 | Contractual | 7.85% |
| 01-040 | Student Labor | 0.00% |
| 01-050 | Fees | 0.00% |
| 01-090 | Accumulated Sick Leave at Normal Retirement | 7.64% |
| 01-130 | Patient or Inmate Workers | 0.00% |
| 01-150 | Graduate Assistants - UCONN | 10.02% |
| 01-180 | Overtime - Temporary Employee | 29.84% |
| 01-220 | Accumulated Sick Leave at Death or Disability | 0.00% |
| 01-240 | Aiiowances/Reportable Payments Alternate | 19.06% |
| Retirement Plan Without Social Security | ||
| 01-250 | Allowances/Reportable Payments Alternate | 26.70% |
| Retirement Plan With Social Security | ||
| 01-260 | Allowances/Reportable Payments Teachers | 27.50% |
| Retirement Without Social Security | ||
| 01-270 | Allowances/Reportable PaymentsTeachers | 27.50% |
| Retirement With Social Security | ||
| 01-310 thru 01-380 | Teachers Retirement System Without Social Security | 27.50% |
| 01-390 | Teachers Retirement Plan - Accumulated | 0.00% |
| Sick Leave at Retirement | ||
| 01-410 thru 01-480 | Teachers Retirement Plan With | 27.50% |
| Medicare Social Security | ||
| 01-490 | Teachers Retirement Plan - | 0.00% |
| Accumulated Sick Leave at Retirement | ||
| 01-510 thru 01-580 | Alternate Retirement Plan Without | 19.06% |
| Social Security | ||
| 01-590 | Alternate Retirement Plan - | 0.00% |
| Accumulated Sick Leave at Retirement | ||
| 01-610 thru 01-680 | Alternate Retirement Plan With | 26.70% |
| Social Security | ||
| 01-690 | Alternate Retirement Plan - | 7.64% |
| Accumulated Sick Leave at Retirement | ||
| 01-710 thru 01-780 | Alternate Retirement Plan With | 19.06% |
| Medicare Social Security | ||
| 01-790 | Alternate Retirement Plan - | 0.00% |
| Accumulated Sick Leave at Retirement | ||
| 01-800 thru 01-850 | Lecturers (CSU) | 7.85% |
| 01-860 | Federal College Work-Study (CSU) | 0.00% |
| 01-870 | Federal College Work-Study Match (CSU) | 0.00% |
| 01-880 | Summer Workers (CSU) | 29.84% |
| 01-890 | Lecturers (CSU) | 7.85% |
| 01-900 | Student/Graduate Interns (CSU) | 0.00% |
| 01-920 | Interest Penalty - Payroll Awards | 0.00% |
| 01-930 | Durational Employees-No Benefits- UCONN | 7.85% |
| 01-950 | Buy Back Option | 0.00% |
| 01-960 | Foreign Nationals with F-1 or J-1 Visa | 10.02% |
| 01-970 | Graduate Assistants (CSU) | 0.00% |
| Hazardous Duty With Medicare Social Security | 34.27% | |
| Hazardous Duty Without Social Security | 26.63% | |
| Judges & Compensation Commissioners | 46.62% | |
The above rates are effective July 1, 1995 and should be used for any fringe benefit cost recovery taking place on or after July 1, 1995.
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.
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.
A variance is now required when paying employees covered by the Hazardous Duty Retirement Plan, the Judges/Compensation Commissioners Retirement Plan or with Federal or any fund other than the General Fund.
For information purposes the rate by component is provided below.
| SERS Contributions | 21.51% |
| SERS Administration | 0.48% |
| Alternate Retirement Plan | 8.68% |
| Teachers Retirement Plan | 17.12% |
| Hazardous Duty | 16.25% |
| Judges/Compensation Commissioners | 28.60% |
| Unemployment Compensation | 0.21% |
| Group Life Insurance | 0.15% |
| Social Security | 7.64% |
| Medical Insurance | 10.02% |
All variances approved in 1994-95 or earlier will be deleted for check date August 4, 1995. Variances for 1995-96 will require a new request.
If there are any questions, please call our Accounting Systems Division at 566-5337.
Nancy Wyman,
State Comptroller
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