Employee Benefit Rates (Endowed & Contract Colleges)
Endowed Rates
| Fiscal Year | Rate | Description & Examples | The fiscal year is from July 1 to June 30 |
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| Zero | This rate applies to salary expenses which do not carry benefit expense. | ||
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| Minimum | This rate applies to those employees who receive only mandated benefits such as Social Security, Workers Comp, Disability, Unemployment, etc. | ||
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| Full | This rate applies to most salary expenditures. | ||
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Contract College Rates
| Fiscal Year | Federal Funds | Non-Federal Funds | NY State Funds | The fiscal year is from July1 to June 30 |
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Annual Salary Escalations
In anticipation of annual salary improvements, the University uses escalation factors as standard for budget purposes. It is recommended that all proposed salaries should be escalated at an annual rate of 5%.
Note: Actual annual salary increase rates may vary each year, based on trustee action.
See Graduate Tuition, Stipend and Health Insurance Rates (www.osp.cornell.edu/ProposalPrep/grad-tuition.html) for other rates and escalation factors. Except for equipment, all other categories should be escalated at an annual rate of 5%, unless justified or limited by sponsor rules.
New York State Benefit Rates
The New York State rate that underlies the contract college benefit rate has grown considerably in recent years. At this time we do not have information suggesting continued growth and do not recommend that this rate be escalated.