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OSP Main > Proposal Preparation > Employee Benefits and Project Cost Escalation


Employee Benefits and Project Cost Escalation

Endowed Rates

Fiscal Year Rate Description & Examples The fiscal year is from July 1 to June 30
  Zero This rate applies to salary expenses which do not carry benefit expense.
  • All years
  • 0.00%
  • Student wages (academic year and registered summer)
  • Benefit program expenses paid directly from the benefit pool (e.g., disability payments)
  Minimum This rate applies to those employees who receive only mandated benefits such as Social Security, Workers Comp, Disability, Unemployment, etc.
  • All years
  • 10.00%
  • Visiting faculty
  • Executive Education faculty appointments
  • Tips and bonus payments
  • Non-benefit eligible temporary employees
  • Summer student wages (only if not registered)
  Full This rate applies to most salary expenditures.
  • FY16
  • FY17
  • FY18
  • FY19
  • FY20
  • FY21
  • Provisional 7/1/21 - Until Amended
  • 34.90%
  • 34.90%
  • 34.90%
  • 34.90%
  • 35.30%
  • 35.70%
  • 35.70%
  • Fully benefits eligible employees in academic and non-academic units
  • Benefits eligible temporary employees (those who have worked six months or more as a temporary appointment).

Contract College Rates

Fiscal Year Federal Funds Non-Federal Funds NY State Funds The fiscal year is from July1 to June 30
  • FY16
  • FY17
  • FY18
  • FY19
  • Estimated FY20
  • Estimated FY21
  • Estimated FY22 and beyond
  • 56.10%
  • 57.30%
  • 62.50%
  • 65.10%
  • 65.50%
  • 69.00%
  • 73.00%
  • 59.84%
  • 62.98%
  • 65.77%
  • 68.63%
  • 70.00%
  • 74.00%
  • 78.00%
  • 0.00%
  • 0.00%
  • 0.00%
  • 0.00%
  • 0.00%
  • 0.00%
  • 0.00%

Annual Project Cost Escalation

Project costs increase over time as a result of inflation. The university, as part of its institutional budgeting process, makes estimates of these changes. To assist in sponsored project budgeting we have obtained institutional projections from the University Budget Office, Division of Financial Affairs, Risk Management and Insurance, and Graduate School and recommend that these are incorporated into funding proposals. These are estimates. Actual costs in future years will be based on various factors, including action by the University Trustees.

Category
FY19
FY20
FY21
FY22 and beyond
Salary    
Faculty3.00%3.00%3.00%See FY21
Others2.50%2.50%3.00%See FY21
Employee Benefits    
Endowed (rate, not escalation)34.90% (actual)35.30% (actual)35.70% (actual)35.70% (provisional - until amended)
Contract-Federal (rate, not escalation)65.10% 65.50% (proposed - until amended)69.00% (proposed - until amended)73.00% (proposed - until amended)
Contract- Non-Federal (rate, not escalation)68.63% 70.00% (proposed - until amended)74.00% (proposed - until amended)78.00% (proposed - until amended)
Graduate Research Assistants    
Tuition0.00%0.00%0.00%See FY21
Stipend3.00%3.00%3.00%See FY21
Health Insurance13.00%10.00%10.00%See FY21
All other items2.00%2.00%2.00%See FY21