The current fringe rates are for FY 12 and FY 13. However, fringe benefit rates for each employee group will be reviewed annually to ensure an accurate allocation. Any over or under recovery of actual fringe benefit costs will be adjusted in the next rate calculation, which would go into effect for FY 14. So starting in FY 14 we will have new fringe benefit rates each fiscal year.
Effective January 1, 2012 per the Board of Regents, benefits eligibility for all benefits (excluding retirement and leave accruals) change from 20 to 30 hours (for faculty .38 FTE to .56 FTE and for staff .50 FTE to .75 FTE). See USG/BOR announcement. See GSU announcement.
