1 Payroll Load Rates

Payroll Load Rates

Included on this page:

Definition
Calculation Process
Available in June
Payroll Load Rates-Summary List
Payroll Load Rates - Detailed List

Definition

Payroll load rates are the rates used to charge fringe benefit costs to budgets. They vary depending upon payroll classifications (for example, classified, professional, hourly, graduate students). Fringe benefits include:

Worker's Compensation
Unemployment Compensation
Health Plans
Retirement Plans
Social Security
Medicare

Calculation Process

Each year, Financial Accounting uses estimated costs to calculate the rates for charging fringe benefits to budgets during the next fiscal year.
They send the calculations to DHHS--Department of Health and Human Services--Division of Cost Allocation--for approval.
The new rates:
- are effective July 1st
- available in FIN after the first payday in July (The first check in July pays for the last half of June.)
At the end of the year the University compares the estimated costs, charged to the budgets, to the actual costs of the benefits, paid by the University, and adjusts the next year's rate accordingly.

Payroll Load Rates

Click here for a printable version of the table below

Effective Dates		Instruction & Research Faculty	Auxiliary Teaching	Residents & Chief Residents	Graduate Student Appointments	Post Doc Trainees	Classified Staff	Professional Staff	Professional Staff, Exempt from Retirement	Professional Staff, Exempt from Health Care	Hourly & O. T.	Graduate Stipends
From	To	01-10	01-20	01-20E	01-30 / 01-40	01-50	01-60	01-70	01-70ER	01-70EH	01-80	01-90
7/1/09	6/30/10	23.60%	25.70%	24.50%	12.90%	19.40%	38.30%	29.30%	20.80%	15.90%	13.00%	10.30%
7/1/08	6/30/09	22.30%	23.90%	22.70%	13.30%	15.50%	29.60%	26.20%	18.10%	15.70%	12.00%	11.20%
7/1/07	6/30/08	24.00%	28.90%	27.50%	10.90%	20.30%	31.60%	28.70%	21.80%	14.50%	11.30%	9.30%
7/1/06	6/30/07	23.80%	31.10%	27.10%	13.40%	19.90%	30.90%	28.30%			11.10%	11.10%
7/1/05	6/30/06	23.20%	27.00%	23.60%	13.40%	18.10%	30.80%	27.10%			11.10%	11.00%