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Fringe Benefits FY 2016
By Carol Lunn (on 7/10/2015 @ 10:53:19, in Important, read 1131 times)
The Fringe Benefit Rate for FY 2016 is 45%. Pursuant to our negotiation with DHHS and in accordance with the requirements stipulated in Title 2 in the Code of Federal Regulation, Part 220 (formerly, Office of Management and Budget Circular A-21 , "Cost Principles for Educational Institutions), the new rates will be effective from July 1, 2015 through June 30, 2016.

The rates are:

- Regular Employees - 45.0%

- Intermittent Wage Employees - 8.2% (Adjunct faculty, post-doctoral researchers and graduate students do not fall into this classification)

The new rates must apply to both new and existing projects and must also be applied to requests for supplemental funding to existing awards and to all expired fixed price agreements. On July 1, of each fiscal year, you may expect a change in the rates applicable to sponsored programs.

If clarification or additional information is needed, please contact Carol T. Lunn, Executive Director, Office of Research and Sponsored Programs (504-280-7155), or Tiffany Gilmore Sou let, Assistant Vice President for Business Affairs (504-280-6288).