[Msoadm] Fiscal Year 2021-22 COMPOSITE BENEFITS RATES

[Candice Montes]

MEMORANDUM

TO:                  Campus Financial Staff

FROM:             Stephanie Flores, Interim Associate Vice Chancellor
                        Financial Planning and Analysis

DATE:             June 29, 2021


RE:                  Fiscal Year 2021-22 COMPOSITE BENEFITS RATES





As you aware, UCR transitioned to Composite Benefits Rates (CBR) in January 2018. Composite Benefits Rates are based on a percentage of an employee's salary according to Employee Groups that do not vary by individual employee benefit selections.



The following Composite Benefits Rates (CBR) have been established for UCR effective July 1, 2021:



CBR Group

CBR Rate

Faculty/Police

34.4%

Faculty Summer

12.8%

Food-Custodian-Grounds

67.7%

HSCP Faculty

27.6%

No Benefit Eligibility

4.5%

Other Academic

43.0%

Police (Merged with Faculty)

0%

Partial Benefit Eligibility

12.8%

Post Doc

24.1%

Staff Exempt

45.2%

Staff Non-Exempt

55.8%

Student

2.3%



Though a separate Police rate was created effective FY 2021, the analysis determined that the Police benefit rate is more in line with that of the Faculty rate and therefore those two rates were combined effective FY 2022.



Please also note that certain costs will continue to be assessed outside of the CBRs such as Accrued Vacation Leave, Tuition Remissions, Graduate Student Health Insurance (GSHIP), and General, Automobile, Employment Liability (GAEL) insurance.



If you have any questions, please send an email to CBRINFO at ucr.edu<mailto:CBRINFO at ucr.edu>.
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