Benefits Billing Rates
July 18, 2006
Memorandum
| To: | Grant Project Directors |
| From: | John Waayers |
| University Budget Officer | |
| Subject: | 2006/07 Benefits Billing Rate |
State policy requires agencies to recover full costs whenever goods or services are provided to other agencies or Funds. This policy, which applies to all departments regardless of funding sources, is to be followed in all cases except where statute prohibits full cost recovery. Full cost of goods or services includes all costs attributable to the activity, plus a fair share of indirect costs that can be ascribed reasonably to the goods or services provided.
The following table lists the 2006-07 Benefits Billing Rates to be used for estimating employees' salary or wages. Most CSUF employees are classified in the Miscellaneous Tier I category, so using the Tier I retirement rate, the overall benefits rate to be applied to 2006-07 year will be 40.14%.
2006-07 Benefits Billing Rates
| Retirement | |
| State Peace Officer/Firefighter – Unit 8 | 32.505% |
| State Peace Officer/Firefighter – MPP Director & Lieutenants | 24.505% |
| State Miscellaneous - Tier I (all other CSU employees) | 16.997% |
| OASDI | 6.20% |
| Medicare | 1.45% |
| Health | 10.73% |
| Vision | 0.19% |
| Dental | 1.49% |
| Long Term Disability | 0.04% |
| Life Insurance | 0.14% |
| Risk Management | 2.90% |
| Total (incl. Misc. - Tier I Retirement) | 40.14% |
President
| Technology and Access Support | $523,400 |
| Reserve | 5,000 |
| Sub-Total President | $528,400 |
| Total | $1,796,000 |
If you have any questions please feel free to call me, ext. 5293.
