The University of Minnesota Office of Budget and Finance has reached an agreement with the Department of Health and Human Services (DHHS) on the FY18 fringe benefit rates as follows:
FY18 Fringe Benefit Rates
Academic = 33.5%
Non-Academic = 27.2%
Student Professional with GA Health = 15.0%
Trades = 7.7%
Student Professional with UPlan Health = 21.4%
The new fringe benefit rates should be used in sponsored proposal budgets for all work that will be conducted on or after July 1, 2017. PIís and their staff are encouraged to use the new rates in their proposals immediately if the project will be conducted in the next fiscal year.
To accommodate proposals that have already been submitted to SPA, or are in progress in the academic departments, SPA will allow the old rates to be used during a brief period of transition. However, all proposals submitted to SPA after the close of business on Friday, March 31st will be expected to incorporate the new rates.
The EGMS support team is working updating EGMS to reflect these new rates, and the Budget Office will soon be posting the fringe rate matrix in the appendices section of their policy page found at http://policy.umn.edu/finance/budget.
Until such time as they are added to the policy site, the FY18 tuition remission rates and the fringe rate matrix can be found on this Budget Office site: http://finance.umn.edu/budget_instr_annual.html.
Office of Cost Analysis
University of Minnesota