[Msoadm] FY 2022-23 COMPOSITE BENEFITS RATES

Candice Montes candice.gomez at ucr.edu
Fri Jun 3 19:40:06 PDT 2022


MEMORANDUM

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:

CBR Group
CBR Rate
Faculty/Police
35.6%
Faculty Summer
12.0%
Food-Custodian-Grounds
64.3%
HSCP Faculty
27.3%
Students/No Benefit Eligibility /Partial Benefit Eligibility
4.0%
Staff Exempt/ Other Academic
44.2%
Post Doc
20.4%
Staff Non-Exempt
53.6%

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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