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. 96-32
July 1, 1996
TO THE HEADS OF ALL STATE AGENCIES
| Attention: | Fiscal and Administrative Officers, Business Managers, Payroll and Personnel Officers |
| Subject: | 1996-97 Fringe Benefit Cost Recovery Rate |
Effective July 1, 1996 the fringe benefit cost recovery rates are as follows:
| Expenditure Object | Description | Finge Benefit Rate |
| 01-010 and all other codes not listed below | Full Time | 32.79% |
| 01-020 | Temporary | 25.06% |
| 01-030 | Contractual | 7.30% |
| 01-040 | Student Labor | 0.00% |
| 01-050 | Fees | 0.00% |
| 01-090 | Accumulated Sick Leave at Normal Retirement | 7.17% |
| 01-130 | Patient or Inmate Workers | 0.00% |
| 01-150 | Graduate Assistants - UCONN | 7.60% |
| 01-180 | Overtime - Temporary Employee | 25.06% |
| 01-220 | Accumulated Sick Leave at Death or Disability | 0.00% |
| 01-240 | Allowances/Reportable Payments Alternate Retirement Plan Without Social Security | 15.81% |
| 01-250 | Allowances/Reportable Payments Alternate Retirement Plan With Social Security | 22.98% |
| 01-260 | Allowances/Reportable Payments Teachers Retirement Without Social Security | 27.76% |
| 01-270 | Allowances/Reportable Payments Teachers Retirement With Social Security | 27.76% |
| 01-310 thru 01-380 | Teachers Retirement System Without Medicare Social Security | 27.76% |
| 01-390 | Teachers Retirement Plan - Accumulated Sick Leave at Retirement | 0.00% |
| 01-410 thru 01-480 | Teachers Retirement Plan With Medicare Social Security | 27.76% |
| 01-490 | Teachers Retirement Plan - Accumulated Sick Leave at Retirement | 0.00% |
| 01-510 thru 01-580 | Alternate Retirement Plan Without Social Security | 15.81% |
| 01-590 | Alternate Retirement Plan - Accumulated Sick Leave at Retirement | 0.00% |
| 01-610 thru 01-680 | Alternate Retirement Plan With Social Security | 22.98% |
| 01-690 | Alternate Retirement Plan - Accumulated Sick Leave at Retirement | 7.17% |
| 01-710 thru 01-780 | Alternate Retirement Plan With Medicare Social Security | 15.81% |
| 01-790 | Alternate Retirement Plan - Accumulated Sick Leave at Retirement | 0.00% |
| 01-800 thru 01-850 | Lecturers (CSU) | 7.30% |
| 01-860 | Federal College Work-Study (CSU) | 0.00% |
| 01-870 | Federal College Work-Study Match (CSU) | 0.00% |
| 01-880 | Summer Workers (CSU) | 25.06% |
| 01-890 | Co-operative Ed Students (CSU) | 7.30% |
| 01-900 | Student/Graduate Interns (CSU) | 0.00% |
| 01-920 | Interest Penalty - Payroll Awards | 0.00% |
| 01-930 | Durational Employees-No Benefits-UCONN | 25.06% |
| 01-950 | Buy Back Option | 0.00% |
| 01-960 | Foreign Nationals with F-1 or J-1 Visa | 7.60% |
| 01-970 | Graduate Assistants (CSU) | 0.00% |
| Hazardous Duty With Medicare Social Security | 40.68% | |
| Hazardous Duty Without Social Security | 33.51% | |
| Judges & Compensation Commissioners | 69.42% | |
The above rates are effective July 1, 1996 and should be used for any fringe benefit cost recovery taking place on or after July 1, 1996.
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. Note a change from previous years, SERS Regular Employees Retirement Administration is no longer a separate component, the administrative cost is now included with the contributions consistent with all other retirement plans.
| SERS Regular Employees | 17.76% |
| Alternate Retirement Plan | 7.95% |
| Teachers Retirement Plan | 19.90% |
| SERS Hazardous Duty | 25.65% |
| Judges/Compensation Commissioners | 54.39% |
| Unemployment Compensation | 0.13% |
| Group Life Insurance | 0.13% |
| Social Security | 7.17% |
| Medical Insurance | 7.60% |
All variances approved in 1995-96 or earlier will be deleted for check date August 16, 1996. Variances for 1996-97 will require a new request.
If there are any questions, please call our Budget and Financial Analysis Division at 566-8384.
NANCY WYMAN
STATE COMPTROLLER
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