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<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">MEMORANDUM<o:p></o:p></span></p>
<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">TO: Campus Financial Staff
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">FROM: Stephanie Flores, Executive Director<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none"> Financial Planning and Analysis<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">DATE: June 13, 2024<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none"><o:p> </o:p></span></p>
<p class="MsoNormal" style="margin-left:1.0in;text-indent:-1.0in"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">RE:<b>
</b>Fiscal Year 2024-25 ALL APPROVED RATES <b><o:p></o:p></b></span></p>
<p class="MsoNormal" style="margin-left:1.0in;text-indent:-1.0in"><b><u><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">
<o:p></o:p></span></u></b></p>
<p class="MsoNormal" style="margin-left:.5in;text-align:justify;text-indent:-.5in">
<span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none"><o:p> </o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:black;mso-ligatures:none">As you are 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.
<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align:justify"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none"><o:p> </o:p></span></p>
<ul style="margin-top:0in" type="disc">
<li class="MsoNormal" style="margin-left:-.25in;text-align:justify;mso-list:l0 level1 lfo1">
<span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">The following
<b>Composite Benefits Rates (CBR)</b> have been established for <b>UCR effective July 1, 2024:</b><o:p></o:p></span></li></ul>
<p class="MsoNormal" style="margin-left:.25in;text-align:justify"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none"><o:p> </o:p></span></p>
<table class="MsoTableGrid" border="1" cellspacing="0" cellpadding="0" style="margin-left:67.25pt;border-collapse:collapse;border:none">
<tbody>
<tr>
<td width="216" valign="top" style="width:2.25in;border:solid windowtext 1.0pt;background:#95B3D7;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="center" style="text-align:center"><b><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:black;mso-ligatures:none">CBR Groups</span></b><b><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none"><o:p></o:p></span></b></p>
</td>
<td width="168" valign="top" style="width:1.75in;border:solid windowtext 1.0pt;border-left:none;background:#95B3D7;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="center" style="text-align:center"><b><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:black;mso-ligatures:none">CBR Rate</span></b><b><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none"><o:p></o:p></span></b></p>
</td>
</tr>
<tr>
<td width="216" valign="top" style="width:2.25in;border:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" style="text-align:justify"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">Faculty/Police<o:p></o:p></span></p>
</td>
<td width="168" valign="top" style="width:1.75in;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">36.0%<o:p></o:p></span></p>
</td>
</tr>
<tr>
<td width="216" valign="top" style="width:2.25in;border:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" style="text-align:justify"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">Faculty Summer<o:p></o:p></span></p>
</td>
<td width="168" valign="top" style="width:1.75in;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">7.9%<o:p></o:p></span></p>
</td>
</tr>
<tr>
<td width="216" valign="top" style="width:2.25in;border:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" style="text-align:justify"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">Food-Custodian-Grounds<o:p></o:p></span></p>
</td>
<td width="168" valign="top" style="width:1.75in;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">58.4%<o:p></o:p></span></p>
</td>
</tr>
<tr>
<td width="216" valign="top" style="width:2.25in;border:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" style="text-align:justify"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">HSCP Faculty<o:p></o:p></span></p>
</td>
<td width="168" valign="top" style="width:1.75in;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">30.0%<o:p></o:p></span></p>
</td>
</tr>
<tr>
<td width="216" valign="top" style="width:2.25in;border:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" style="text-align:justify"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">Students/No Benefit Eligibility /Partial Benefit Eligibility<o:p></o:p></span></p>
</td>
<td width="168" valign="top" style="width:1.75in;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">2.1%<o:p></o:p></span></p>
</td>
</tr>
<tr>
<td width="216" valign="top" style="width:2.25in;border:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" style="text-align:justify"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">Staff Exempt/ Other Academic<o:p></o:p></span></p>
</td>
<td width="168" valign="top" style="width:1.75in;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">43.7%<o:p></o:p></span></p>
</td>
</tr>
<tr>
<td width="216" valign="top" style="width:2.25in;border:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" style="text-align:justify"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">Post Doc<o:p></o:p></span></p>
</td>
<td width="168" valign="top" style="width:1.75in;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">22.3%<o:p></o:p></span></p>
</td>
</tr>
<tr>
<td width="216" valign="top" style="width:2.25in;border:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" style="text-align:justify"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">Staff Non-Exempt<o:p></o:p></span></p>
</td>
<td width="168" valign="top" style="width:1.75in;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">49.9%<o:p></o:p></span></p>
</td>
</tr>
</tbody>
</table>
<p class="MsoNormal" style="text-align:justify"><b><u><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none"><o:p><span style="text-decoration:none"> </span></o:p></span></u></b></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">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.<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none"><o:p> </o:p></span></p>
<ul style="margin-top:0in" type="disc">
<li class="MsoNormal" style="margin-left:-.25in;text-align:justify;mso-list:l0 level1 lfo1">
<span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">The following
<b>Vacation Leave Accrual</b> have been established for <b>UCR effective July 1, 2024</b>:<o:p></o:p></span></li></ul>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:black;mso-ligatures:none"><o:p> </o:p></span></p>
<table class="MsoTableGrid" border="1" cellspacing="0" cellpadding="0" style="margin-left:49.25pt;border-collapse:collapse;border:none">
<tbody>
<tr>
<td width="252" valign="top" style="width:189.0pt;border:solid windowtext 1.0pt;background:#95B3D7;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="center" style="text-align:center"><b><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:black;mso-ligatures:none">Vacation Leave Accrual</span></b><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:black;mso-ligatures:none">
<b>Groups</b></span><b><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none"><o:p></o:p></span></b></p>
</td>
<td width="156" valign="top" style="width:117.0pt;border:solid windowtext 1.0pt;border-left:none;background:#95B3D7;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="center" style="text-align:center"><b><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:black;mso-ligatures:none">Assessment Rate</span></b><b><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none"><o:p></o:p></span></b></p>
</td>
</tr>
<tr>
<td width="252" valign="top" style="width:189.0pt;border:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" style="text-align:justify"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">VLA Employee Group 2<o:p></o:p></span></p>
</td>
<td width="156" valign="top" style="width:117.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">8.50%<o:p></o:p></span></p>
</td>
</tr>
<tr>
<td width="252" valign="top" style="width:189.0pt;border:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" style="text-align:justify"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">VLA Employee Group 3<o:p></o:p></span></p>
</td>
<td width="156" valign="top" style="width:117.0pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">9.00%<o:p></o:p></span></p>
</td>
</tr>
</tbody>
</table>
<p class="MsoNormal" style="text-align:justify"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">Charges will continue to be based on an assessment against actual payroll activity and will be reflected in account number 516840 for VLA Employee Group
2 and 506840 for VLA Employee Group 3 in the same Activity-Fund-Function combination in which payroll activity occurred.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none"><o:p> </o:p></span></p>
<ul style="margin-top:0in" type="disc">
<li class="MsoNormal" style="margin-left:-.25in;text-align:justify;mso-list:l0 level1 lfo1">
<span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">The following
<b>General Liability (GL)</b> and<b> Employment Practice (EP)</b> Insurance Programs have been established for both the
<b>General Campus (Location 5) and Location N effective July 1, 2024</b>:<o:p></o:p></span></li></ul>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none"><o:p> </o:p></span></p>
<table class="MsoTableGrid" border="1" cellspacing="0" cellpadding="0" style="margin-left:49.25pt;border-collapse:collapse;border:none">
<tbody>
<tr>
<td width="258" valign="top" style="width:193.5pt;border:solid windowtext 1.0pt;background:#95B3D7;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="center" style="text-align:center"><b><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:black;mso-ligatures:none">General Liability & Employment Practice Insurance Programs</span></b><b><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none"><o:p></o:p></span></b></p>
</td>
<td width="150" valign="top" style="width:112.5pt;border:solid windowtext 1.0pt;border-left:none;background:#95B3D7;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="center" style="text-align:center"><b><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:black;mso-ligatures:none">Assessment Rate</span></b><b><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none"><o:p></o:p></span></b></p>
</td>
</tr>
<tr>
<td width="258" valign="top" style="width:193.5pt;border:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" style="text-align:justify"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">GL Assessment<o:p></o:p></span></p>
</td>
<td width="150" valign="top" style="width:112.5pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">0.0116<o:p></o:p></span></p>
</td>
</tr>
<tr>
<td width="258" valign="top" style="width:193.5pt;border:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" style="text-align:justify"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">EP Assessment<o:p></o:p></span></p>
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<td width="150" valign="top" style="width:112.5pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">0.0064<o:p></o:p></span></p>
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<p class="MsoNormal" style="text-align:justify"><b><u><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none"><o:p><span style="text-decoration:none"> </span></o:p></span></u></b></p>
<p class="MsoNormal" style="text-align:justify"><b><u><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">General Liability and Employment Practices<o:p></o:p></span></u></b></p>
<p class="MsoNormal" style="text-align:justify"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none"><o:p> </o:p></span></p>
<p class="MsoNormal" style="text-align:justify"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">With the implementation of UC Path, UCR was no longer permitted to have two separate GL & EP rates for the General Campus and
for Location N. Both locations will now be charged the rates above. Additionally, UC Path only allows for 2 decimal places so the rates were rounded to accommodate that new requirement.<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align:justify"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none"><o:p> </o:p></span></p>
<p class="MsoNormal" style="text-align:justify"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">Charges will continue to be based upon an assessment against actual payroll activity and will be reflected in account number
755210 for General Liability and 755200 for Employment Practices in the same Activity-Fund-Function combination in which payroll activity occurred. These charges may not be moved to a different Activity-Fund-Function.<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align:justify"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none"><o:p> </o:p></span></p>
<p class="MsoNormal" style="text-align:justify"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">Please note that actual charges are calculated by applying the applicable assessment rate against salaries and wages associated
with eligible Earn codes. See this <a href="https://bfs.ucr.edu/sites/default/files/2020-05/earn_codes_list_expanded.pdf">
<span style="color:blue">table</span></a> for details: <a href="https://bfs.ucr.edu/sites/default/files/2020-05/earn_codes_list_expanded.pdf">
https://bfs.ucr.edu/sites/default/files/2020-05/earn_codes_list_expanded.pdf</a>.<o:p></o:p></span></p>
<p class="MsoNormal" style="text-align:justify"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none"><o:p> </o:p></span></p>
<p class="MsoNormal" style="text-align:justify"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">Assessments related to Federal Government, State Government, Local Government, and Private Contracts and Grants will continue
to be charged against centrally held indirect cost recovery funds.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none"><o:p> </o:p></span></p>
<ul style="margin-top:0in" type="disc">
<li class="MsoNormal" style="margin-left:-.25in;mso-add-space:auto;mso-list:l0 level1 lfo1">
<span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">The following assessment rate has been established by the Office of the President to cover UCRP Interest
<b>effective</b> <b>July 1, 2024</b>:<o:p></o:p></span></li></ul>
<p class="MsoNormal" style="margin-left:.25in"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none"><o:p> </o:p></span></p>
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<tbody>
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<td width="306" valign="top" style="width:229.35pt;border:solid windowtext 1.0pt;background:#95B3D7;padding:0in 5.4pt 0in 5.4pt;height:16.35pt">
<p class="MsoNormal" align="center" style="text-align:center"><b><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:black;mso-ligatures:none">UCRP Interest</span></b><b><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none"><o:p></o:p></span></b></p>
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<td width="147" valign="top" style="width:110.3pt;border:solid windowtext 1.0pt;border-left:none;background:#95B3D7;padding:0in 5.4pt 0in 5.4pt;height:16.35pt">
<p class="MsoNormal" align="center" style="text-align:center"><b><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:black;mso-ligatures:none">Assessment Rate</span></b><b><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none"><o:p></o:p></span></b></p>
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<td width="306" valign="top" style="width:229.35pt;border:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;height:31.9pt">
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">Interest Assessment as % of All Non-Federal Sources of Covered Compensation<o:p></o:p></span></p>
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<td width="147" valign="top" style="width:110.3pt;border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;height:31.9pt">
<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">0.66%<o:p></o:p></span></p>
</td>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">Please note that the interest component is in addition to the Composite Benefit Rate. However, the principal (base) retirement cost is embedded in the
existing Composite Benefit Rates. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none">If you have any questions, please contact
<b><a href="mailto:budgetoffice@ucr.edu"><span style="color:blue">budgetoffice@ucr.edu</span></a></b>.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none"><o:p> </o:p></span></p>
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