Memorandum
| To: | Deans, Directors, and Department Heads |
|---|---|
| From: |
Barbara A. Moses |
| Subject: | Special Benefits Rates |
| Date: | June 5, 2017 |
Special benefits rates are applied to all projects to provide funds to pay special personnel benefits specified on this site: http://budget.ncsu.edu/budgetoffice/documents/SpecialFringeBenefitsPools.pdf.
On a monthly basis, the special benefits rates are automatically charged to the salary expenditures of each project.
The university level projects that pool these funds are analyzed periodically to assure sufficient cash flow to meet anticipated costs. Based on our recent analysis and projected future needs, effective July 1, 2017 the special benefits rates are as follows:
Rate Change
Academic Affairs (16030) 0.70% No change
Agricultural Research (16031) 0.60% 0.20 decrease
Cooperative Extension (16032) 0.60% 0.10 decrease
Non-State Funded Projects (excluding ledger 5) 0.60% 0.15 decrease
Contracts and Grants (ledger 5) 0.90% No change at this time
The decreases in rates are driven by lower unemployment insurance.
If you have any questions concerning these rates, please contact me at 513-1263.
cc: W. Randolph Woodson, Chancellor
Warwick A. Arden, Executive Vice Chancellor and Provost
Alan H. Rebar, Vice Chancellor, Research, Innovation and Economic Development
Scott R. Douglass, Vice Chancellor, Finance and Administration
Marie Williams, Associate Vice Chancellor, Human Resources
Joe Williams, Director, Benefits