Standard Benefit Rates (SBR) for 2015-16

PDAD&C #58, 2014-15

 To: Principals, Deans, Academic Directors and Chairs
 From:     Sally Garner, Executive Director, Planning & Budget
 Date: January 26, 2015
 cc:

Divisional Business Officers via AMS listserv
Divisional Financial Officers via DFO listserv

 Re: Standard Benefit Rates (SBR) for 2015-16

Employer benefit costs are currently charged to divisions at a standard benefit rate of 24.75% of compensation for appointed staff and 10.00% of compensation for non-appointed staff.  Effective May 1, 2015, these rates will remain unchanged.  Please note that the SBR excludes pension special payments.

Research grant applications and ancillary budget planning for fiscal 2016-17 should use the current rates of 24.75% for appointed staff and 10.00% for non-appointed staff.  Please note this is only an estimate and the final SBR rate for 2016-17 will be determined towards the end of 2015, in order to take into account projected benefit costs and salaries at that time.

If you have any further questions please contact your Planning and Budget Officer.