[Msoadm] Fiscal Year 2023-24 COMPOSITE BENEFITS RATES

[Candice P Gomez]

MEMORANDUM

TO:                  Campus Financial Staff

FROM:            Stephanie Flores, Executive Director
                        Financial Planning and Analysis

DATE:            June 2, 2023

RE:                 Fiscal Year 2023-24 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, 2023:

CBR Group
CBR Rate
Faculty/Police
35.2%
Faculty Summer
7.9%
Food-Custodian-Grounds
59.3%
HSCP Faculty
27.6%
Students/No Benefit Eligibility /Partial Benefit Eligibility
1.8%
Staff Exempt/ Other Academic
43.1%
Post Doc
20.5%
Staff Non-Exempt
52.0%

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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