UCSB is implementing Composite Benefit Rates (CBR) beginning September 1, 2018. On and after this date, benefits charged to all fund sources will be based on CBR, not employee actual benefit costs. All proposals and revised budgets submitted on or after September 1, 2018 should use CBRs.
The CBR contains the following costs: Benefits administration, Dental, Disability, Employee Support Programs, FICA Tax, Incentive Award Programs, Life Insurance, Medical, Retiree Health, retirement Benefits, Senior Management Supplement, Unemployment Insurance, Vision Benefits, and Worker’s Compensation. CBR does not include accrued vacation leave, UCRP interest expense, Tuition remission, Graduate Student Health Insurance, and General, Automotive, and Employee Insurance (GAEL).
CBRs are fixed for an entire fiscal year and will be adjusted annually. Currently, the first two years’ rates (FY19 and FY20) have been approved by DHHS. As of September 1, 2019 the rates are approved through June 30, 2020 (FY20).
The CBRs, vacation accrual rates and UCRP interest rates, including projections for future years, and rates to use in current proposals, are located on the budget and planning website.
Fringe benefits are listed on the proposal budget as a set percent of salary. Fringe benefits must be budgeted to the same funding source as the corresponding salary (UC C&G Manual Ch. 7-206, Ch, 2-520). The budgeted fringe benefit rate is comprised of up to three different rates, the composite benefit rate (CBR), vacation accrual, and UC Retirement Program (UCRP) interest charge*.
Please note that fringe benefit rates for some academic titles change in the summer months.
Budget and Planning has a CBR website with additional background information on CBR. Actual and future projected rates for CBRs, vacation accrual and UCRP retirement interest are available on the site as well as CBR FAQs and fringe benefit rate projecting tools.
The slides from the August 20, 2018 CBR presentation are available here.
For CBR questions, contact CBRinfo@bap.ucsb.edu.
*UCRP interest charge is allowable on non-federal fund sources only. It should not be budgeted on federal or federal flow-through funds.