July 13, 2020
Final Fiscal Year 2021 Benefit Rates are Available
Final FY21 fringe benefit rates (i.e. payroll load rates) are available in the Benefit Rate Table and within SAGE budget. Use these updated rates on multi-year sponsored program proposal budgets to best reflect anticipated costs.
If you submitted a proposal using the previously published or preliminary rates for budget years beyond FY21, upon award, you may re-budget as necessary to account for these changes. In most cases, this will not require sponsor approval.
Steps to apply the updated benefit rates to a SAGE Budget in progress:
Legacy Format SAGE Budget Steps:
- Go to the Properties tab of your SAGE budget
- Scroll to Benefit Rates and choose “Use Current Budget Rates”
- Click “Update Benefit Rates”
Current Format (new) SAGE Budget Steps:
Go to Budget Settings in left navigation, expand the Data & Calculations section and “Refresh Benefit Rates”
Questions about incorporating these rates into proposal budgets?
- Review the GIM 3 Benefit Rate policy or contact your department’s OSP reviewer
- SAGE Budget questions? Contact firstname.lastname@example.org
Not Seeing the New Rates on the Research Website?
If you don’t see the newest rates in the Benefit Rate Table (for example Instruction and Research Faculty 01-10, is not 24%), you may need to clear your web browser cache.
Included are links to instructions for some popular browsers: