[Msoadm] FY 2022-23 COMPOSITE BENEFITS RATES
candice.gomez at ucr.edu
Fri Jun 3 19:40:06 PDT 2022
TO: Campus Financial Staff
FROM: Stephanie Flores, Executive Director
Financial Planning and Analysis
DATE: June 1, 2022
RE: Fiscal Year 2022-23 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, 2022:
Students/No Benefit Eligibility /Partial Benefit Eligibility
Staff Exempt/ Other Academic
As the UC campus with the most CBR Rate groups, a decision was made to consolidate some additional groups in order to facilitate the reconciliation and rate calculation process. Effective FY 2023 we are going from 11 to 8 rate groups. The analysis determined that the No Benefit Eligibility rate is in line with that of the Partial Eligibility and the Student rate and therefore those three rates were combined effective FY 2023. Additionally, the Staff Exempt rate was in line with the Other Academic rate so those two rates were also combined effective FY 2023.
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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