Fringe Benefits Rates
Fringe benefits should be charged on proposals at a rate that is consistent with
the rates established by the ISU Vice President for Business and Finance.
Fringe benefit rates will be updated and posted annually.
If you have any questions about the information in this memo, please contact
either the Office of Sponsored Programs Administration -
Diane Meyer, 294-4567, or the Controller's Department-
Kathy Dobbs, 294-6653.
| Rates Table ** |
| Staff/Employee Classification |
% of Salary and Wages
effective 07/01/2008
|
| Faculty (A&B base) |
27.2% |
| Professional and Scientific |
33.3% |
| Clerical and Technical (Merit) |
45.1% |
| Graduate Assistants |
13.2% |
| Postdoctoral |
23.0% |
| Student Hourly Employees |
4.6% |
| Hourly (Non-student) |
12.00% |
|
| ** PLEASE NOTE: These are
average rates only and the actual costs can vary
significantly depending on the salary level of the person and
the health insurance plan they choose. For example, lower paid
employees have higher rates.
The PI on the award is responsible
for paying the benefits, even if they are higher than calculated
using the average percentage rate. It is also very important to
note that persons who work less than full time but at least
half-time get full medical coverage and thus have significantly
higher benefit percentage than full-time employees.
The alternative to using the
posted average rates is to use actual rates when
it is higher than the average. Documentation (printed from
ADIN) should cover at least four months of the designated
persons employment at ISU and be attached to the GoldSheet.
The use of actual rates is subject to College Approval. |