Fringe benefit rates
Fringe benefits are employee associated costs such as health plan expenses, pension plan expenses, and workman's compensation expenses, among others. These costs are expressed as a rate by employee class. The rate is the pooled costs of these benefits divided by the total salaries in each employee class. These rates are then applied to the applicable employee salary to represent the associated benefits for the (E) Employee Class Code.
Sponsored and Non-Sponsored Rates Table
| FACULTY & CLASSIFIED (Full-Time) |
HOURLY (Part-Time) |
|
|---|---|---|
| FICA | 7.06% | 7.20% |
| Retirement | 10.82% | |
| Group Life Insurance | 1.31% | |
| Health Insurance | 14.79% | |
| Retirement Health Insurance Credit | 0.85% | |
| Unemployment Compensation | 0.02% | 0.02% |
| Workers' Compensation | 0.24% | 0.28% |
| Faculty-Staff Tuition Waivers | 1.31% | |
| Short Term Disability | 0.02% | |
| Leave Balances Upon Separation | 0.73% | |
| Long-Term Disability | 0.00% | |
| VRS Long-Term Disability | 0.12% | |
| Cash Match Plan | 0.83% | |
| Benefits Consultant | 0.00% | |
| Equalization | 0.00% | |
| Total | 38.10% | 7.50% |
Fringe Benefit Rate by Banner Employee Class Code Table
The fringe benefit rate charged is dependent upon the Banner employee class code.
| E Class Code | E Class Short Description | E Class Long Description | Fringe Benefit Rate | Banner Account |
|---|---|---|---|---|
| A1 | AFac | Admin Faculty mo FTE | 38.10% | 510180 |
| A2 | AFac 9/10 | Admin Faculty 9/10 mo FTE | 38.10% | 510180 |
| A3 | AFac P | Admin Faculty mo PT 50>74 E | 38.10% | 510181 |
| A4 | AFac 910P | Admin Faculty 9/10 PT 50<74 E | 38.10% | 510181 |
| A5 | AFac Q | Admin Faculty >75 E | 38.10% | 510180 |
| A6 | AFac 910Q | Admin Faculty 9/10 MO>75E | 38.10% | 510180 |
| AF | Affliat | Affiliates | 0.00% | |
| AJ | Adjunct | Adjunct Faculty E | 7.50% | 511181 |
| C1 | Class NE | Classified FT NE | 38.10% | 520182 |
| C2 | Classifi | Classified FT E | 38.10% | 520182 |
| C3 | ClassQNE | Classified > than 75 NE | 38.10% | 520182 |
| C4 | ClassQE | Classified > than 75 E | 38.10% | 520182 |
| C5 | ClassPNE | Classified 50-74 NE | 38.10% | 520183 |
| C6 | Class PE | Classified 50 < than 74 E | 38.10% | 520183 |
| EX | SalOthE | Exempt Salaried-Other | 7.50% | 539183 |
| F1 | Fac | Teaching Research Fac FT E | 38.10% | 511180 |
| F2 | Fac 9/10 | Teaching Research Fac 9/10 FT E | 38.10% | 511180 |
| F3 | Fac P | Teaching ReschFac 50<74 PT E | 38.10% | 511181 |
| F4 | Fac 9/10P | TR Faculty 9/10 PT E 50<74 | 38.10% | 511181 |
| F5 | Fac Q | Teaching Research Fac >75 E | 38.10% | 511180 |
| F6 | Fac 910Q | Teaching Research 9/10 MO>75 E | 38.10% | 511180 |
| G9 | GrAsst9 | Graduate Assistant 9 MO E | 0.00% | |
| GA | GrAsst | Graduate Assistant E | 0.00% | |
| H1 | Hourly | Hourly NE | 7.50% | 539183 |
| LE | Police | Law Enforcement Officers NE | 38.10% | 522182 |
| M1 | MFac | Clin MD Faculty FT E | 38.10% | 513180 |
| M2 | Clin Fac | Clin MD Faculty 9/10 FT E | 38.10% | 513180 |
| M3 | CFac P | Clin MD Faculty 50-74 PT E | 38.10% | 513181 |
| M4 | CFac 910P | Clin MD Fac 9/10 50-74 PT E | 38.10% | 513181 |
| M5 | CFac | Clin MD Faculty >75 QFT E | 38.10% | 513180 |
| M6 | CFac 910Q | Clin MD Fac 9/10 MO >75 E | 38.10% | 513180 |
| O1 | OFac | Clin Other Faculty mo FT E | 38.10% | 514180 |
| O2 | CFac 9 | Clin Other Faculty 9/10 mo FT E | 38.10% | 514180 |
| O3 | OFac P | Clin Other Faculty PT E50-74 | 38.10% | 514181 |
| O4 | OFac 910P | Clin Other Faculty 9/10 PT 50>74 E | 38.10% | 514181 |
| O5 | OFac | Clin Other Faculty >75 QFT E | 38.10% | 514180 |
| O6 | OFac 910Q | Clin Other Faculty 9/10 MO >75 E | 38.10% | 514180 |
| P1 | PFac | Prof Faculty mo FT E | 38.10% | 512180 |
| P2 | PFac 9 | Prof Faculty 9/10 mo FT E | 38.10% | 512180 |
| P3 | PFac P | Prof Faculty mo 50-74 PT E | 38.10% | 512181 |
| P4 | PFac 910P | Prof Faculty 9/10 PT 50<74 E | 38.10% | 512181 |
| P5 | PFac | Prof Faculty mo 75 E | 38.10% | 512180 |
| P6 | PFac 910Q | Prof Faculty 9/10 mo >75 E | 38.10% | 512180 |
| PD | PostDoc | Post Doc E | 38.10% | 539183 |
| PS | Pres | President | 38.10% | 500180 |
| QH | Q-Hourly | VCUQ Hourly Local Hire | 0.00% | |
| QS | Q-Salary | VCUQ Salaried Local Hire | 0.00% | |
| SW | Students | Student Workers NE | 0.00% | |
| VQ | VCU Q | Qatar Faculty | 19.30% | 511180 |
| WS | Study | Work Study NE | 0.00% | |
| UF | UnvProFT | Univ and Acad Professional FT | 38.10% | 560182 |
| UP | UnvProPT | Univ and Acad Professional PT | 38.10% | 560183 |
Each year's rates are effective with salaries and wages paid on or after July 1 and should be used when preparing budgets to which fringe benefits are charged.
Wages paid from the following Banner Expenditure accounts are exempt from having fringe cost charged to them:
| Banner Expenditure Account | Account Description |
|---|---|
| 533110 | Wages and Taxable Fellowships |
| 534110 | Wages--Work Study Students |
| 535110 | Housestaff |
Fringe benefits on salaries paid by the Medical College of Virginia Hospitals are as billed by the Hospital (Housestaff and CRC).
Sponsored and Non-Sponsored Rates Table
| FACULTY & CLASSIFIED (Full-Time) |
HOURLY (Part-Time) |
|
|---|---|---|
| FICA | 7.13% | 7.52% |
| Retirement | 12.17% | |
| Group Life Insurance | 1.33% | |
| Health Insurance | 14.80% | |
| Retirement Health Insurance Credit | 1.10% | |
| Unemployment Compensation | 0.12% | 0.12% |
| Workers' Compensation | 0.38% | 0.36% |
| Faculty-Staff Tuition Waivers | 0.72% | |
| Short Term Disability | 0.03% | |
| Leave Balances Upon Separation | 0.91% | |
| Long-Term Disability | 0.02% | |
| VRS Long-Term Disability | 0.16% | |
| Cash Match Plan | 0.83% | |
| Benefits Consultant | 0.00% | |
| Equalization | 0.00% | |
| Total | 39.70% | 8.00% |
Fringe Benefit Rate by Banner Employee Class Code Table
The fringe benefit rate charged is dependent upon the Banner employee class code.
| E Class Code | E Class Short Description | E Class Long Description | Fringe Benefit Rate | Banner Account |
|---|---|---|---|---|
| A1 | AFac | Admin Faculty mo FTE | 39.70% | 510180 |
| A2 | AFac 9/10 | Admin Faculty 9/10 mo FTE | 39.70% | 510180 |
| A3 | AFac P | Admin Faculty mo PT 50>74 E | 39.70% | 510181 |
| A4 | AFac 910P | Admin Faculty 9/10 PT 50<74 E | 39.70% | 510181 |
| A5 | AFac Q | Admin Faculty >75 E | 39.70% | 510180 |
| A6 | AFac 910Q | Admin Faculty 9/10 MO>75E | 39.70% | 510180 |
| AF | Affliat | Affliates | 0.00% | |
| AJ | Adjunct | Adjunct Faculty E | 8.00% | 511181 |
| C1 | Class NE | Classified FT NE | 39.70% | 520182 |
| C2 | Classifi | Classified FT E | 39.70% | 520182 |
| C3 | ClassQNE | Classified > than 75 NE | 39.70% | 520182 |
| C4 | ClassQE | Classified > than 75 E | 39.70% | 520182 |
| C5 | ClassPNE | Classified 50-74 NE | 39.70% | 520183 |
| C6 | Class PE | Classified 50 < than 74 E | 39.70% | 520183 |
| EX | SalOthE | Exempt Salaried-Other | 8.00% | 539183 |
| F1 | Fac | Teaching Research Fac FT E | 39.70% | 511180 |
| F2 | Fac 9/10 | Teaching Research Fac 9/10 FT E | 39.70% | 511180 |
| F3 | Fac P | Teaching ReschFac 50<74 PT E | 39.70% | 511181 |
| F4 | Fac 9/10P | TR Faculty 9/10 PT E 50<74 | 39.70% | 511181 |
| F5 | Fac Q | Teaching Research Fac >75 E | 39.70% | 511180 |
| F6 | Fac 910Q | Teaching Research 9/10 MO>75 E | 39.70% | 511180 |
| G9 | GrAsst9 | Graduate Assistant 9 MO E | 0.00% | |
| GA | GrAsst | Graduate Assistant E | 0.00% | |
| H1 | Hourly | Hourly NE | 8.00% | 539183 |
| LE | Police | Law Enforcement Officers NE | 39.70% | 522182 |
| M1 | MFac | Clin MD Faculty FT E | 39.70% | 513180 |
| M2 | Clin Fac | Clin MD Faculty 9/10 FT E | 39.70% | 513180 |
| M3 | CFac P | Clin MD Faculty 50-74 PT E | 39.70% | 513181 |
| M4 | CFac 910P | Clin MD Fac 9/10 50-74 PT E | 39.70% | 513181 |
| M5 | CFac | Clin MD Faculty >75 QFT E | 39.70% | 513180 |
| M6 | CFac 910Q | Clin MD Fac 9/10 MO >75 E | 39.70% | 513180 |
| O1 | OFac | Clin Other Faculty mo FT E | 39.70% | 514180 |
| O2 | CFac 9 | Clin Other Faculty 9/10 mo FT E | 39.70% | 514180 |
| O3 | OFac P | Clin Other Faculty PT E50-74 | 39.70% | 514181 |
| O4 | OFac 910P | Clin Other Faculty 9/10 PT 50>74 E | 39.70% | 514181 |
| O5 | OFac | Clin Other Faculty >75 QFT E | 39.70% | 514180 |
| O6 | OFac 910Q | Clin Other Faculty 9/10 MO >75 E | 39.70% | 514180 |
| P1 | PFac | Prof Faculty mo FT E | 39.70% | 512180 |
| P2 | PFac 9 | Prof Faculty 9/10 mo FT E | 39.70% | 512180 |
| P3 | PFac P | Prof Faculty mo 50-74 PT E | 39.70% | 512181 |
| P4 | PFac 910P | Prof Faculty 9/10 PT 50<74 E | 39.70% | 512181 |
| P5 | PFac | Prof Faculty mo 75 E | 39.70% | 512180 |
| P6 | PFac 910Q | Prof Faculty 9/10 mo >75 E | 39.70% | 512180 |
| PD | PostDoc | Post Doc E | 39.70% | 539183 |
| PS | Pres | President | 39.70% | 500180 |
| QH | Q-Hourly | VCUQ Hourly Local Hire | 0.00% | |
| QS | Q-Salary | VCUQ Salaried Local Hire | 0.00% | |
| SW | Students | Student Workers NE | 0.00% | |
| VQ | VCU Q | Qatar Faculty | 23.90% | 511180 |
| WS | Study | Work Study NE | 0.00% | |
| UF | UnvProFT | Univ and Acad Professional FT | 39.70% | 560182 |
| UP | UnvProPT | Univ and Acad Professional PT | 39.70% | 560183 |
Each year's rates are effective with salaries and wages paid on or after July 1 and should be used when preparing budgets to which fringe benefits are charged.
Wages paid from the following Banner Expenditure accounts are exempt from having fringe cost charged to them:
| Banner Expenditure Account | Account Description |
|---|---|
| 533110 | Wages and Taxable Fellowships |
| 534110 | Wages--Work Study Students |
| 535110 | Housestaff |
Fringe benefits on salaries paid by the Medical College of Virginia Hospitals are as billed by the Hospital (Housestaff and CRC).
Sponsored and Non-Sponsored Rates Table
| FACULTY & CLASSIFIED (Full-Time) |
HOURLY (Part-Time) |
|
|---|---|---|
| FICA | 7.14% | 7.94% |
| Retirement | 11.90% | |
| Group Life Insurance | 1.33% | |
| Health Insurance | 15.34% | |
| Retirement Health Insurance Credit | 1.09% | |
| Unemployment Compensation | 0.13% | 0.14% |
| Workers' Compensation | 0.41% | 0.42% |
| Faculty-Staff Tuition Waivers | 0.79% | |
| Short Term Disability | 0.03% | |
| Leave Balances Upon Separation | 0.93% | |
| Long-Term Disability | 0.02% | |
| VRS Long-Term Disability | 0.17% | |
| Cash Match Plan | 0.82% | |
| Benefits Consultant | 0.00% | |
| Equalization | 0.00% | |
| Total | 40.10% | 8.50% |
Fringe Benefit Rate by Banner Employee Class Code Table
The fringe benefit rate charged is dependent upon the Banner employee class code
| E Class Code | E Class Short Description | E Class Long Description | Fringe Benefit Rate | Banner Account |
|---|---|---|---|---|
| A1 | AFac | Admin Faculty mo FTE | 40.10% | 510180 |
| A2 | AFac 9/10 | Admin Faculty 9/10 mo FTE | 40.10% | 510180 |
| A3 | AFac P | Admin Faculty mo PT 50>74 E | 40.10% | 510181 |
| A4 | AFac 910P | Admin Faculty 9/10 PT 50<74 E | 40.10% | 510181 |
| A5 | AFac Q | Admin Faculty >75 E | 40.10% | 510180 |
| A6 | AFac 910Q | Admin Faculty 9/10 MO>75E | 40.10% | 510180 |
| AF | Affliat | Affliates | 0 | |
| AJ | Adjunct | Adjunct Faculty E | 8.50% | 511181 |
| C1 | Class NE | Classified FT NE | 40.10% | 520182 |
| C2 | Classifi | Classified FT E | 40.10% | 520182 |
| C3 | ClassQNE | Classified > than 75 NE | 40.10% | 520182 |
| C4 | ClassQE | Classified > than 75 E | 40.10% | 520182 |
| C5 | ClassPNE | Classified 50-74 NE | 40.10% | 520183 |
| C6 | Class PE | Classified 50 < than 74 E | 40.10% | 520183 |
| EX | SalOthE | Exempt Salaried-Other | 0.00% | 539183 |
| F1 | Fac | Teaching Research Fac FT E | 40.10% | 511180 |
| F2 | Fac 9/10 | Teaching Research Fac 9/10 FT E | 40.10% | 511180 |
| F3 | Fac P | Teaching ReschFac 50<74 PT E | 40.10% | 511181 |
| F4 | Fac 9/10P | TR Faculty 9/10 PT E 50<74 | 40.10% | 511181 |
| F5 | Fac Q | Teaching Research Fac >75 E | 40.10% | 511180 |
| F6 | Fac 910Q | Teaching Research 9/10 MO>75 E | 40.10% | 511180 |
| G9 | GrAsst9 | Graduate Assistant 9 MO E | 0 | |
| GA | GrAsst | Graduate Assistant E | 0 | |
| H1 | Hourly | Hourly NE | 8.50% | 539183 |
| LE | Police | Law Enforcement Officers NE | 40.10% | 522182 |
| M1 | MFac | Clin MD Faculty FT E | 40.10% | 513180 |
| M2 | Clin Fac | Clin MD Faculty 9/10 FT E | 40.10% | 513180 |
| M3 | CFac P | Clin MD Faculty 50-74 PT E | 40.10% | 513181 |
| M4 | CFac 910P | Clin MD Fac 9/10 50-74 PT E | 40.10% | 513181 |
| M5 | CFac | Clin MD Faculty >75 QFT E | 40.10% | 513180 |
| M6 | CFac 910Q | Clin MD Fac 9/10 MO >75 E | 40.10% | 513180 |
| O1 | OFac | Clin Other Faculty mo FT E | 40.10% | 514180 |
| O2 | CFac 9 | Clin Other Faculty 9/10 mo FT E | 40.10% | 514180 |
| O3 | OFac P | Clin Other Faculty PT E50-74 | 40.10% | 514181 |
| O4 | OFac 910P | Clin Other Faculty 9/10 PT 50>74 E | 40.10% | 514181 |
| O5 | OFac | Clin Other Faculty >75 QFT E | 40.10% | 514180 |
| O6 | OFac 910Q | Clin Other Faculty 9/10 MO >75 E | 40.10% | 514180 |
| P1 | PFac | Prof Faculty mo FT E | 40.10% | 512180 |
| P2 | PFac 9 | Prof Faculty 9/10 mo FT E | 40.10% | 512180 |
| P3 | PFac P | Prof Faculty mo 50-74 PT E | 40.10% | 512181 |
| P4 | PFac 910P | Prof Faculty 9/10 PT 50<74 E | 40.10% | 512181 |
| P5 | PFac | Prof Faculty mo 75 E | 40.10% | 512180 |
| P6 | PFac 910Q | Prof Faculty 9/10 mo >75 E | 40.10% | 512180 |
| PD | PostDoc | Post Doc E | 40.10% | 539183 |
| PS | Pres | President | 40.10% | 500180 |
| QH | Q-Hourly | VCUQ Hourly Local Hire | 0 | |
| QS | Q-Salary | VCUQ Salaried Local Hire | 0 | |
| SW | Students | Student Workers NE | 0 | |
| VQ | VCU Q | Qatar Faculty | 20.60% | 511180 |
| WS | Study | Work Study NE | 0 | |
| UF | UnvProFT | Univ and Acad Professional FT | 40.10% | 560182 |
| UP | UnvProPT | Univ and Acad Professional PT | 40.10% | 560183 |
Each year's rates are effective with salaries and wages paid on or after July 1 and should be used when preparing budgets to which fringe benefits are charged.
Wages paid from the following Banner Expenditure accounts are exempt from having fringe cost charged to them:
| Banner Expenditure Account | Account Description |
|---|---|
| 533110 | Wages and Taxable Fellowships |
| 534110 | Wages--Work Study Students |
| 535110 | Housestaff |
Fringe benefits on salaries paid by the Medical College of Virginia Hospitals are as billed by the Hospital (Housestaff and CRC).
Sponsored and Non-Sponsored Rates Table
| FACULTY & CLASSIFIED (Full-Time) | HOURLY (Part-Time) | POST DOC | |
|---|---|---|---|
| FICA | 7.15% | 7.79% | 7.65% |
| Retirement | 11.62% | ||
| Group Life Insurance | 0.54% | ||
| Health Insurance | 16.88% | 11.69% | |
| Retirement Health Insurance Credit | 1.10% | ||
| Unemployment Compensation | 0.04% | 0.04% | 0.04% |
| Workers' Compensation | 0.42% | 0.47% | 0.42% |
| Faculty-Staff Tuition Waivers | 0.73% | ||
| Short Term Disability | 0.03% | ||
| Leave Balances Upon Separation | 0.74% | ||
| Long-Term Disability | 0.02% | ||
| VRS Long-Term Disability | 0.24% | ||
| Cash Match Plan | 0.79% | ||
| Benefits Consultant | 0.00% | ||
| Equalization | 0.00% | ||
| Total | 40.30% | 8.30% | 19.80% |
Fringe Benefit Rate by Banner Employee Class Code Table
The fringe benefit rate charged is dependent upon the Banner employee class code
| E Class Code | E Class Short Description | E Class Long Description | Fringe Benefit Rate | Banner Account |
|---|---|---|---|---|
| A1 | AFac | Admin Faculty mo FTE | 40.3 | 510180 |
| A2 | AFac 9/10 | Admin Faculty 9/10 mo FTE | 40.3 | 510180 |
| A3 | AFac P | Admin Faculty mo PT 50>74 E | 40.3 | 510181 |
| A4 | AFac 910P | Admin Faculty 9/10 PT 50<74 E | 40.3 | 510181 |
| A5 | AFac Q | Admin Faculty >75 E | 40.3 | 510180 |
| A6 | AFac 910Q | Admin Faculty 9/10 MO>75E | 40.3 | 510180 |
| AF | Affliat | Affliates | 0 | |
| AJ | Adjunct | Adjunct Faculty E | 8.3 | 511181 |
| C1 | Class NE | Classified FT NE | 40.3 | 520182 |
| C2 | Classifi | Classified FT E | 40.3 | 520182 |
| C3 | ClassQNE | Classified > than 75 NE | 40.3 | 520182 |
| C4 | ClassQE | Classified > than 75 E | 40.3 | 520182 |
| C5 | ClassPNE | Classified 50-74 NE | 40.3 | 520183 |
| C6 | Class PE | Classified 50 < than 74 E | 40.3 | 520183 |
| EX | SalOthE | Exempt Salaried-Other | 8.3 | 539183 |
| F1 | Fac | Teaching Research Fac FT E | 40.3 | 511180 |
| F2 | Fac 9/10 | Teaching Research Fac 9/10 FT E | 40.3 | 511180 |
| F3 | Fac P | Teaching ReschFac 50<74 PT E | 40.3 | 511181 |
| F4 | Fac 9/10P | TR Faculty 9/10 PT E 50<74 | 40.3 | 511181 |
| F5 | Fac Q | Teaching Research Fac >75 E | 40.3 | 511180 |
| F6 | Fac 910Q | Teaching Research 9/10 MO>75 E | 40.3 | 511180 |
| G9 | GrAsst9 | Graduate Assistant 9 MO E | 0 | |
| GA | GrAsst | Graduate Assistant E | 0 | |
| H1 | Hourly | Hourly NE | 8.3 | 539183 |
| LE | Police | Law Enforcement Officers NE | 40.3 | 522182 |
| M1 | MFac | Clin MD Faculty FT E | 40.3 | 513180 |
| M2 | Clin Fac | Clin MD Faculty 9/10 FT E | 40.3 | 513180 |
| M3 | CFac P | Clin MD Faculty 50-74 PT E | 40.3 | 513181 |
| M4 | CFac 910P | Clin MD Fac 9/10 50-74 PT E | 40.3 | 513181 |
| M5 | CFac | Clin MD Faculty >75 QFT E | 40.3 | 513180 |
| M6 | CFac 910Q | Clin MD Fac 9/10 MO >75 E | 40.3 | 513180 |
| O1 | OFac | Clin Other Faculty mo FT E | 40.3 | 514180 |
| O2 | CFac 9 | Clin Other Faculty 9/10 mo FT E | 40.3 | 514180 |
| O3 | OFac P | Clin Other Faculty PT E50-74 | 40.3 | 514181 |
| O4 | OFac 910P | Clin Other Faculty 9/10 PT 50>74 E | 40.3 | 514181 |
| O5 | OFac | Clin Other Faculty >75 QFT E | 40.3 | 514180 |
| O6 | OFac 910Q | Clin Other Faculty 9/10 MO >75 E | 40.3 | 514180 |
| P1 | PFac | Prof Faculty mo FT E | 40.3 | 512180 |
| P2 | PFac 9 | Prof Faculty 9/10 mo FT E | 40.3 | 512180 |
| P3 | PFac P | Prof Faculty mo 50-74 PT E | 40.3 | 512181 |
| P4 | PFac 910P | Prof Faculty 9/10 PT 50<74 E | 40.3 | 512181 |
| P5 | PFac | Prof Faculty mo 75 E | 40.3 | 512180 |
| P6 | PFac 910Q | Prof Faculty 9/10 mo >75 E | 40.3 | 512180 |
| PD | PostDoc | Post Doc E | 19.8 | 539183 |
| PS | Pres | President | 40.3 | 500180 |
| QH | Q-Hourly | VCUQ Hourly Local Hire | 0 | |
| QS | Q-Salary | VCUQ Salaried Local Hire | 0 | |
| SW | Students | Student Workers NE | 0 | |
| VQ | VCU Q | Qatar Faculty | 20.6 | 511180 |
| WS | Study | Work Study NE | 0 | |
| UF | UnvProFT | Univ and Acad Professional FT | 40.3 | 560182 |
| UP | UnvProPT | Univ and Acad Professional PT | 40.3 | 560183 |
Each year's rates are effective with salaries and wages paid on or after July 1 and should be used when preparing budgets to which fringe benefits are charged.
Wages paid from the following Banner Expenditure accounts are exempt from having fringe cost charged to them:
| Banner Expenditure Account | Account Description |
|---|---|
| 533110 | Wages and Taxable Fellowships |
| 534110 | Wages--Work Study Students |
| 535110 | Housestaff |
Fringe benefits on salaries paid by the Medical College of Virginia Hospitals are as billed by the Hospital (Housestaff and CRC).
Sponsored and Non-Sponsored Rates Table
| FACULTY & CLASSIFIED (Full-Time) | HOURLY (Part-Time) | POST DOC | |
|---|---|---|---|
| FICA | 7.29% | 7.87% | 7.65% |
| Retirement | 12.45% | ||
| Group Life Insurance | 0.54% | ||
| Health Insurance | 16.84% | 11.61% | |
| Retirement Health Insurance Credit | 1.10% | ||
| Unemployment Compensation | 0.16% | 0.15% | 0.16% |
| Workers' Compensation | 0.49% | 0.48% | 0.48% |
| Faculty-Staff Tuition Waivers | 0.70% | ||
| Short Term Disability | 0.03% | ||
| Leave Balances Upon Separation | 0.74% | ||
| Long-Term Disability | 0.08% | ||
| VRS Long-Term Disability | 0.25% | ||
| Cash Match Plan | 0.43% | ||
| Benefits Consultant | 0.00% | ||
| Equalization | 0.00% | ||
| Total | 41.10% | 8.50% | 19.90% |
Fringe Benefit Rate by Banner Employee Class Code Table
The fringe benefit rate charged is dependent upon the Banner employee class code
| E Class Code | E Class Short Description | E Class Long Description | Fringe Benefit Rate | Banner Account |
|---|---|---|---|---|
| A1 | AFac | Admin Faculty mo FTE | 41.1 | 510180 |
| A2 | AFac 9/10 | Admin Faculty 9/10 mo FTE | 41.1 | 510180 |
| A3 | AFac P | Admin Faculty mo PT 50>74 E | 8.5 | 510181 |
| A4 | AFac 910P | Admin Faculty 9/10 PT 50<74 E | 8.5 | 510181 |
| A5 | AFac Q | Admin Faculty >75 E | 41.1 | 510180 |
| A6 | AFac 910Q | Admin Faculty 9/10 MO>75E | 41.1 | 510180 |
| AF | Affliat | Affliates | 0 | |
| AJ | Adjunct | Adjunct Faculty E | 8.5 | 511181 |
| C1 | Class NE | Classified FT NE | 41.1 | 520182 |
| C2 | Classifi | Classified FT E | 41.1 | 520182 |
| C3 | ClassQNE | Classified > than 75 NE | 41.1 | 520182 |
| C4 | ClassQE | Classified > than 75 E | 41.1 | 520182 |
| C5 | ClassPNE | Classified 50-74 NE | 41.1 | 520183 |
| C6 | Class PE | Classified 50 < than 74 E | 41.1 | 520183 |
| EX | SalOthE | Exempt Salaried-Other | 8.5 | 539183 |
| F1 | Fac | Teaching Research Fac FT E | 41.1 | 511180 |
| F2 | Fac 9/10 | Teaching Research Fac 9/10 FT E | 41.1 | 511180 |
| F3 | Fac P | Teaching ReschFac 50<74 PT E | 41.1 | 511181 |
| F4 | Fac 9/10P | TR Faculty 9/10 PT E 50<74 | 41.1 | 511181 |
| F5 | Fac Q | Teaching Research Fac >75 E | 41.1 | 511180 |
| F6 | Fac 910Q | Teaching Research 9/10 MO>75 E | 41.1 | 511180 |
| G9 | GrAsst9 | Graduate Assistant 9 MO E | 0 | |
| GA | GrAsst | Graduate Assistant E | 0 | |
| H1 | Hourly | Hourly NE | 8.5 | 539183 |
| LE | Police | Law Enforcement Officers NE | 41.1 | 522182 |
| M1 | MFac | Clin MD Faculty FT E | 41.1 | 513180 |
| M2 | Clin Fac | Clin MD Faculty 9/10 FT E | 41.1 | 513180 |
| M3 | CFac P | Clin MD Faculty 50-74 PT E | 41.1 | 513181 |
| M4 | CFac 910P | Clin MD Fac 9/10 50-74 PT E | 41.1 | 513181 |
| M5 | CFac | Clin MD Faculty >75 QFT E | 41.1 | 513180 |
| M6 | CFac 910Q | Clin MD Fac 9/10 MO >75 E | 41.1 | 513180 |
| O1 | OFac | Clin Other Faculty mo FT E | 41.1 | 514180 |
| O2 | CFac 9 | Clin Other Faculty 9/10 mo FT E | 41.1 | 514180 |
| O3 | OFac P | Clin Other Faculty PT E50-74 | 41.1 | 514181 |
| O4 | OFac 910P | Clin Other Faculty 9/10 PT 50>74 E | 41.1 | 514181 |
| O5 | OFac | Clin Other Faculty >75 QFT E | 41.1 | 514180 |
| O6 | OFac 910Q | Clin Other Faculty 9/10 MO >75 E | 41.1 | 514180 |
| P1 | PFac | Prof Faculty mo FT E | 41.1 | 512180 |
| P2 | PFac 9 | Prof Faculty 9/10 mo FT E | 41.1 | 512180 |
| P3 | PFac P | Prof Faculty mo 50-74 PT E | 8.5 | 512181 |
| P4 | PFac 910P | Prof Faculty 9/10 PT 50<74 E | 8.5 | 512181 |
| P5 | PFac | Prof Faculty mo 75 E | 41.1 | 512180 |
| P6 | PFac 910Q | Prof Faculty 9/10 mo >75 E | 41.1 | 512180 |
| PD | PostDoc | Post Doc E | 19.9 | 539183 |
| PS | Pres | President | 41.1 | 500180 |
| QH | Q-Hourly | VCUQ Hourly Local Hire | 0 | |
| QS | Q-Salary | VCUQ Salaried Local Hire | 0 | |
| SW | Students | Student Workers NE | 0 | |
| VQ | VCU Q | Qatar Faculty | 19.2 | 511180 |
| WS | Study | Work Study NE | 0 | |
| UF | UnvProFT | Univ and Acad Professional FT | 41.1 | 560182 |
| UP | UnvProPT | Univ and Acad Professional PT | 41.1 | 560183 |
Each year's rates are effective with salaries and wages paid on or after July 1 and should be used when preparing budgets to which fringe benefits are charged.
Wages paid from the following Banner Expenditure accounts are exempt from having fringe cost charged to them:
| Banner Expenditure Account | Account Description |
|---|---|
| 533110 | Wages and Taxable Fellowships |
| 534110 | Wages--Work Study Students |
| 535110 | Housestaff |
Fringe benefits on salaries paid by the Medical College of Virginia Hospitals are as billed by the Hospital (Housestaff and CRC).
Sponsored and Non-Sponsored Rates Table
| FACULTY & CLASSIFIED (Full-Time) | HOURLY (Part-Time) | |
|---|---|---|
| FICA | 7.20% | 8.07% |
| Retirement | 11.57% | |
| Group Life Insurance | 1.31% | |
| Health Insurance | 15.42% | |
| Health Insurance Credit | 1.15% | |
| Unemployment Compensation | 0.10% | 0.10% |
| Workers' Compensation | 0.42% | 0.43% |
| Long-Term Disability | 0.18% | |
| VRS Long-Term Disability | 0.26% | |
| Faculty-Staff Tuition Benefit | 1.25% | |
| Short-Term Disability | 0.03% | |
| Leave balances upon Separation | 0.57% | |
| Benefits Consultant | 0.00% | |
| Cash Match Plan | 0.64% | |
| Equalization | 0.00% | |
| Total | 40.10% | 8.60% |
Fringe Benefit Rate by Banner Employee Class Code Table
The fringe benefit rate charged is dependent upon the Banner employee class code
| E Class Code | E Class Short Description | E Class Long Description | Fringe Benefit Rate | Banner Account |
|---|---|---|---|---|
| A1 | AFac | Admin Faculty mo FTE | 40.1 | 510180 |
| A2 | AFac 9/10 | Admin Faculty 9/10 mo FTE | 40.1 | 510180 |
| A3 | AFac P | Admin Faculty mo PT 50>74 E | 8.6 | 510181 |
| A4 | AFac 910P | Admin Faculty 9/10 PT 50<74 E | 8.6 | 510181 |
| A5 | AFac Q | Admin Faculty >75 E | 40.1 | 510180 |
| A6 | AFac 910Q | Admin Faculty 9/10 MO>75E | 40.1 | 510180 |
| AF | Affliat | Affliates | 0 | |
| AJ | Adjunct | Adjunct Faculty E | 8.6 | 511181 |
| C1 | Class NE | Classified FT NE | 40.1 | 520182 |
| C2 | Classifi | Classified FT E | 40.1 | 520182 |
| C3 | ClassQNE | Classified > than 75 NE | 40.1 | 520182 |
| C4 | ClassQE | Classified > than 75 E | 40.1 | 520182 |
| C5 | ClassPNE | Classified 50-74 NE | 8.6 | 520183 |
| C6 | Class PE | Classified 50 < than 74 E | 8.6 | 520183 |
| EX | SalOthE | Exempt Salaried-Other | 8.6 | 539183 |
| F1 | Fac | Teaching Research Fac FT E | 40.1 | 511180 |
| F2 | Fac 9/10 | Teaching Research Fac 9/10 FT E | 40.1 | 511180 |
| F3 | Fac P | Teaching ReschFac 50<74 PT E | 8.6 | 511181 |
| F4 | Fac 9/10P | TR Faculty 9/10 PT E 50<74 | 8.6 | 511181 |
| F5 | Fac Q | Teaching Research Fac >75 E | 40.1 | 511180 |
| F6 | Fac 910Q | Teaching Research 9/10 MO>75 E | 40.1 | 511180 |
| G9 | GrAsst9 | Graduate Assistant 9 MO E | 0 | |
| GA | GrAsst | Graduate Assistant E | 0 | |
| H1 | Hourly | Hourly NE | 8.6 | 539183 |
| LE | Police | Law Enforcement Officers NE | 40.1 | 522182 |
| M1 | MFac | Clin MD Faculty FT E | 40.1 | 513180 |
| M2 | Clin Fac | Clin MD Faculty 9/10 FT E | 40.1 | 513180 |
| M3 | CFac P | Clin MD Faculty 50-74 PT E | 8.6 | 513181 |
| M4 | CFac 910P | Clin MD Fac 9/10 50-74 PT E | 8.6 | 513181 |
| M5 | CFac | Clin MD Faculty >75 QFT E | 40.1 | 513180 |
| M6 | CFac 910Q | Clin MD Fac 9/10 MO >75 E | 40.1 | 513180 |
| O1 | OFac | Clin Other Faculty mo FT E | 40.1 | 514180 |
| O2 | CFac 9 | Clin Other Faculty 9/10 mo FT E | 40.1 | 514180 |
| O3 | OFac P | Clin Other Faculty PT E50-74 | 8.6 | 514181 |
| O4 | OFac 910P | Clin Other Faculty 9/10 PT 50>74 E | 8.6 | 514181 |
| O5 | OFac | Clin Other Faculty >75 QFT E | 40.1 | 514180 |
| O6 | OFac 910Q | Clin Other Faculty 9/10 MO >75 E | 40.1 | 514180 |
| P1 | PFac | Prof Faculty mo FT E | 40.1 | 512180 |
| P2 | PFac 9 | Prof Faculty 9/10 mo FT E | 40.1 | 512180 |
| P3 | PFac P | Prof Faculty mo 50-74 PT E | 8.6 | 512181 |
| P4 | PFac 910P | Prof Faculty 9/10 PT 50<74 E | 8.6 | 512181 |
| P5 | PFac | Prof Faculty mo 75 E | 40.1 | 512180 |
| P6 | PFac 910Q | Prof Faculty 9/10 mo >75 E | 40.1 | 512180 |
| PD | PostDoc | Post Doc E | 8.6 | 539183 |
| PS | Pres | President | 40.1 | 500180 |
| QH | Q-Hourly | VCUQ Hourly Local Hire | 0 | |
| QS | Q-Salary | VCUQ Salaried Local Hire | 0 | |
| SW | Students | Student Workers NE | 0 | |
| VQ | VCU Q | Qatar Faculty | 21.1 | 511180 |
| WS | Study | Work Study NE | 0 | |
| UF | UnvProFT | Univ and Acad Professional FT | 40.1 | 560182 |
| UP | UnvProPT | Univ and Acad Professional PT | 8.6 | 560183 |
Each year's rates are effective with salaries and wages paid on or after July 1 and should be used when preparing budgets to which fringe benefits are charged.
Wages paid from the following Banner Expenditure accounts are exempt from having fringe cost charged to them:
| Banner Expenditure Account | Account Description |
|---|---|
| 533110 | Wages and Taxable Fellowships |
| 534110 | Wages--Work Study Students |
| 535110 | Housestaff |
Fringe benefits on salaries paid by the Medical College of Virginia Hospitals are as billed by the Hospital (Housestaff and CRC).
Sponsored and Non-Sponsored Rates Table
| FACULTY & CLASSIFIED (Full-Time) | HOURLY (Part-Time) | |
|---|---|---|
| Retirement | 10.94% | |
| FICA | 6.93% | 7.64% |
| Group Life | 1.26% | |
| Health Insurance | 16.66% | |
| Health Insurance Credit | 1.09% | |
| Unemployment | 0.08% | 0.08% |
| Workers Compensation | 0.38% | 0.38% |
| Long-Term Disability | 0.20% | |
| VRS Long-Term Disability | 0.27% | |
| Faculty-Staff Tuition Benefit | 0.46% | |
| Short-Term Disability | 0.03% | |
| Leave balances upon Seperation | 0.59% | |
| Benefits Consultant | 0.00% | |
| Cash Match Plan | 0.51% | |
| Equalization | 0.00% | |
| Total | 39.40% | 8.10% |
Fringe Benefit Rate by Banner Employee Class Code Table
The fringe benefit rate charged is dependent upon the Banner employee class code
| E Class Code | E Class Short Description | E Class Long Description | Fringe Benefit Rate | Banner Account |
|---|---|---|---|---|
| A1 | AFac | Admin Faculty mo FTE | 39.40 | 510180 |
| A2 | AFac 9/10 | Admin Faculty 9/10 mo FTE | 39.40 | 510180 |
| A3 | AFac P | Admin Faculty mo PT 50>74 E | 8.10 | 510181 |
| A4 | AFac 910P | Admin Faculty 9/10 PT 50<74 E | 8.10 | 510181 |
| A5 | AFac Q | Admin Faculty >75 E | 39.40 | 510180 |
| A6 | AFac 910Q | Admin Faculty 9/10 MO>75E | 39.40 | 510180 |
| AF | Affliat | Affliates | 0.00 | |
| AJ | Adjunct | Adjunct Faculty E | 8.10 | 511181 |
| C1 | Class NE | Classified FT NE | 39.40 | 520182 |
| C2 | Classifi | Classified FT E | 39.40 | 520182 |
| C3 | ClassQNE | Classified > than 75 NE | 39.40 | 520182 |
| C4 | ClassQE | Classified > than 75 E | 39.40 | 520182 |
| C5 | ClassPNE | Classified 50-74 NE | 8.10 | 520183 |
| C6 | Class PE | Classified 50 < than 74 E | 8.10 | 520183 |
| EX | SalOthE | Exempt Salaried-Other | 8.10 | 539183 |
| F1 | Fac | Teaching Research Fac FT E | 39.40 | 511180 |
| F2 | Fac 9/10 | Teaching Research Fac 9/10 FT E | 39.40 | 511180 |
| F3 | Fac P | Teaching ReschFac 50<74 PT E | 8.10 | 511181 |
| F4 | Fac 9/10P | TR Faculty 9/10 PT E 50<74 | 8.10 | 511181 |
| F5 | Fac Q | Teaching Research Fac >75 E | 39.40 | 511180 |
| F6 | Fac 910Q | Teaching Research 9/10 MO>75 E | 39.40 | 511180 |
| G9 | GrAsst9 | Graduate Assistant 9 MO E | 0.00 | |
| GA | GrAsst | Graduate Assistant E | 0.00 | |
| H1 | Hourly | Hourly NE | 8.10 | 539183 |
| LE | Police | Law Enforcement Officers NE | 39.40 | 522182 |
| M1 | MFac | Clin MD Faculty FT E | 39.40 | 513180 |
| M2 | Clin Fac | Clin MD Faculty 9/10 FT E | 39.40 | 513180 |
| M3 | CFac P | Clin MD Faculty 50-74 PT E | 8.10 | 513181 |
| M4 | CFac 910P | Clin MD Fac 9/10 50-74 PT E | 8.10 | 513181 |
| M5 | CFac | Clin MD Faculty >75 QFT E | 39.40 | 513180 |
| M6 | CFac 910Q | Clin MD Fac 9/10 MO >75 E | 39.40 | 513180 |
| O1 | OFac | Clin Other Faculty mo FT E | 39.40 | 514180 |
| O2 | CFac 9 | Clin Other Faculty 9/10 mo FT E | 39.40 | 514180 |
| O3 | OFac P | Clin Other Faculty PT E50-74 | 8.10 | 514181 |
| O4 | OFac 910P | Clin Other Faculty 9/10 PT 50>74 E | 8.10 | 514181 |
| O5 | OFac | Clin Other Faculty >75 QFT E | 39.40 | 514180 |
| O6 | OFac 910Q | Clin Other Faculty 9/10 MO >75 E | 39.40 | 514180 |
| P1 | PFac | Prof Faculty mo FT E | 39.40 | 512180 |
| P2 | PFac 9 | Prof Faculty 9/10 mo FT E | 39.40 | 512180 |
| P3 | PFac P | Prof Faculty mo 50-74 PT E | 8.10 | 512181 |
| P4 | PFac 910P | Prof Faculty 9/10 PT 50<74 E | 8.10 | 512181 |
| P5 | PFac | Prof Faculty mo 75 E | 39.40 | 512180 |
| P6 | PFac 910Q | Prof Faculty 9/10 mo >75 E | 39.40 | 512180 |
| PD | PostDoc | Post Doc E | 8.10 | 539183 |
| PS | Pres | President | 39.40 | 500180 |
| QH | Q-Hourly | VCUQ Hourly Local Hire | 0.00 | |
| QS | Q-Salary | VCUQ Salaried Local Hire | 0.00 | |
| SW | Students | Student Workers NE | 0.00 | |
| VQ | VCU Q | Qatar Faculty | 23.90 | 511180 |
| WS | Study | Work Study NE | 0.00 | |
| UF | UnvProFT | Univ and Acad Professional FT | 39.40 | 560182 |
| UP | UnvProPT | Univ and Acad Professional PT | 8.10 | 560183 |
Each year's rates are effective with salaries and wages paid on or after July 1 and should be used when preparing budgets to which fringe benefits are charged.
Wages paid from the following Banner Expenditure accounts are exempt from having fringe cost charged to them:
| Banner Expenditure Account | Account Description |
|---|---|
| 533110 | Wages and Taxable Fellowships |
| 534110 | Wages--Work Study Students |
| 535110 | Housestaff |
Fringe benefits on salaries paid by the Medical College of Virginia Hospitals are as billed by the Hospital (Housestaff and CRC).
Sponsored and Non-Sponsored Rates Table
| FACULTY & CLASSIFIED (Full-Time) | HOURLY (Part-Time) | |
|---|---|---|
| Retirement | 11.11% | |
| FICA | 6.75% | 7.86% |
| Group Life | 1.30% | |
| Health Insurance | 15.81% | |
| Health Insurance Credit | 1.11% | |
| Unemployment | 0.02% | 0.02% |
| Workers Compensation | 0.32% | 0.32% |
| Long-Term Disability | 0.16% | |
| VRS Long-Term Disability | 0.28% | |
| Faculty-Staff Tuition Benefit | 0.44% | |
| Short-Term Disability | 0.03% | |
| Leave balances upon Seperation | 0.48% | |
| Benefits Consultant | 0.00% | |
| Cash Match Plan | 0.39% | |
| Equalization | 0.00% | |
| Total | 38.20% | 8.20% |
Fringe Benefit Rate by Banner Employee Class Code Table
The fringe benefit rate charged is dependent upon the Banner employee class code
| E Class Code | E Class Short Description | E Class Long Description | Fringe Benefit Rate | Banner Account |
|---|---|---|---|---|
| A1 | AFac | Admin Faculty mo FTE | 38.20 | 510180 |
| A2 | AFac 9/10 | Admin Faculty 9/10 mo FTE | 38.20 | 510180 |
| A3 | AFac P | Admin Faculty mo PT 50>74 E | 8.20 | 510181 |
| A4 | AFac 910P | Admin Faculty 9/10 PT 50<74 E | 8.20 | 510181 |
| A5 | AFac Q | Admin Faculty >75 E | 38.20 | 510180 |
| A6 | AFac 910Q | Admin Faculty 9/10 MO>75E | 38.20 | 510180 |
| AF | Affliat | Affliates | 0.00 | |
| AJ | Adjunct | Adjunct Faculty E | 8.20 | 511181 |
| C1 | Class NE | Classified FT NE | 38.20 | 520182 |
| C2 | Classifi | Classified FT E | 38.20 | 520182 |
| C3 | ClassQNE | Classified > than 75 NE | 38.20 | 520182 |
| C4 | ClassQE | Classified > than 75 E | 38.20 | 520182 |
| C5 | ClassPNE | Classified 50-74 NE | 8.20 | 520183 |
| C6 | Class PE | Classified 50 < than 74 E | 8.20 | 520183 |
| EX | SalOthE | Exempt Salaried-Other | 8.20 | 539183 |
| F1 | Fac | Teaching Research Fac FT E | 38.20 | 511180 |
| F2 | Fac 9/10 | Teaching Research Fac 9/10 FT E | 38.20 | 511180 |
| F3 | Fac P | Teaching ReschFac 50<74 PT E | 8.20 | 511181 |
| F4 | Fac 9/10P | TR Faculty 9/10 PT E 50<74 | 8.20 | 511181 |
| F5 | Fac Q | Teaching Research Fac >75 E | 38.20 | 511180 |
| F6 | Fac 910Q | Teaching Research 9/10 MO>75 E | 38.20 | 511180 |
| G9 | GrAsst9 | Graduate Assistant 9 MO E | 0.00 | |
| GA | GrAsst | Graduate Assistant E | 0.00 | |
| H1 | Hourly | Hourly NE | 8.20 | 539183 |
| LE | Police | Law Enforcement Officers NE | 38.20 | 522182 |
| M1 | MFac | Clin MD Faculty FT E | 38.20 | 513180 |
| M2 | Clin Fac | Clin MD Faculty 9/10 FT E | 38.20 | 513180 |
| M3 | CFac P | Clin MD Faculty 50-74 PT E | 8.20 | 513181 |
| M4 | CFac 910P | Clin MD Fac 9/10 50-74 PT E | 8.20 | 513181 |
| M5 | CFac | Clin MD Faculty >75 QFT E | 38.20 | 513180 |
| M6 | CFac 910Q | Clin MD Fac 9/10 MO >75 E | 38.20 | 513180 |
| O1 | OFac | Clin Other Faculty mo FT E | 38.20 | 514180 |
| O2 | CFac 9 | Clin Other Faculty 9/10 mo FT E | 38.20 | 514180 |
| O3 | OFac P | Clin Other Faculty PT E50-74 | 8.20 | 514181 |
| O4 | OFac 910P | Clin Other Faculty 9/10 PT 50>74 E | 8.20 | 514181 |
| O5 | OFac | Clin Other Faculty >75 QFT E | 38.20 | 514180 |
| O6 | OFac 910Q | Clin Other Faculty 9/10 MO >75 E | 38.20 | 514180 |
| P1 | PFac | Prof Faculty mo FT E | 38.20 | 512180 |
| P2 | PFac 9 | Prof Faculty 9/10 mo FT E | 38.20 | 512180 |
| P3 | PFac P | Prof Faculty mo 50-74 PT E | 8.20 | 512181 |
| P4 | PFac 910P | Prof Faculty 9/10 PT 50<74 E | 8.20 | 512181 |
| P5 | PFac | Prof Faculty mo 75 E | 38.20 | 512180 |
| P6 | PFac 910Q | Prof Faculty 9/10 mo >75 E | 38.20 | 512180 |
| PD | PostDoc | Post Doc E | 8.20 | 539183 |
| PS | Pres | President | 38.20 | 500180 |
| QH | Q-Hourly | VCUQ Hourly Local Hire | 0.00 | |
| QS | Q-Salary | VCUQ Salaried Local Hire | 0.00 | |
| SW | Students | Student Workers NE | 0.00 | |
| VQ | VCU Q | Qatar Faculty | 26.56 | 511180 |
| WS | Study | Work Study NE | 0.00 |
Each year's rates are effective with salaries and wages paid on or after July 1 and should be used when preparing budgets to which fringe benefits are charged.
Wages paid from the following Banner Expenditure accounts are exempt from having fringe cost charged to them:
| Banner Expenditure Account | Account Description |
|---|---|
| 533110 | Wages and Taxable Fellowships |
| 534110 | Wages--Work Study Students |
| 535110 | Housestaff |
Fringe benefits on salaries paid by the Medical College of Virginia Hospitals are as billed by the Hospital (Housestaff and CRC)
Sponsored and Non-Sponsored Rates Table
| FACULTY & CLASSIFIED (Full-Time) | HOURLY (Part-Time) | |
|---|---|---|
| Retirement | 11.39% | |
| FICA | 6.84% | 7.26% |
| Group Life | 1.31% | |
| Health Insurance | 14.99% | |
| Health Insurance Credit | 1.13% | |
| Unemployment | 0.05% | 0.04% |
| Workers Compensation | 0.31% | 0.30% |
| Long-Term Disability | 0.15% | |
| VRS Long-Term Disability | 0.30% | |
| Faculty-Staff Tuition Benefit | 0.31% | |
| Fee Waivers | 0.00% | |
| Background Checks | 0.00% | |
| Benefits Consultant | 0.00% | |
| Cash Match Plan | 0.42% | |
| Equalization | 0.00% | |
| Total | 37.20% | 7.60% |
Fringe Benefit Rate by Banner Employee Class Code Table
The fringe benefit rate charged is dependent upon the Banner employee class code
| E Class Code | E Class Short Description | E Class Long Description | Fringe Benefit Rate | Banner Account |
|---|---|---|---|---|
| A1 | AFac | Admin Faculty mo FTE | 37.20 | 510180 |
| A2 | AFac 9/10 | Admin Faculty 9/10 mo FTE | 37.20 | 510180 |
| A3 | AFac P | Admin Faculty mo PT 50>74 E | 7.60 | 510181 |
| A4 | AFac 910P | Admin Faculty 9/10 PT 50<74 E | 7.60 | 510181 |
| A5 | AFac Q | Admin Faculty >75 E | 37.20 | 510180 |
| A6 | AFac 910Q | Admin Faculty 9/10 MO>75E | 37.20 | 510180 |
| AF | Affliat | Affliates | 0.00 | |
| AJ | Adjunct | Adjunct Faculty E | 7.60 | 511181 |
| C1 | Class NE | Classified FT NE | 37.20 | 520182 |
| C2 | Classifi | Classified FT E | 37.20 | 520182 |
| C3 | ClassQNE | Classified > than 75 NE | 37.20 | 520182 |
| C4 | ClassQE | Classified > than 75 E | 37.20 | 520182 |
| C5 | ClassPNE | Classified 50-74 NE | 7.60 | 520183 |
| C6 | Class PE | Classified 50 < than 74 E | 7.60 | 520183 |
| EX | SalOthE | Exempt Salaried-Other | 7.60 | 539183 |
| F1 | Fac | Teaching Research Fac FT E | 37.20 | 511180 |
| F2 | Fac 9/10 | Teaching Research Fac 9/10 FT E | 37.20 | 511180 |
| F3 | Fac P | Teaching ReschFac 50<74 PT E | 7.60 | 511181 |
| F4 | Fac 9/10P | TR Faculty 9/10 PT E 50<74 | 7.60 | 511181 |
| F5 | Fac Q | Teaching Research Fac >75 E | 37.20 | 511180 |
| F6 | Fac 910Q | Teaching Research 9/10 MO>75 E | 37.20 | 511180 |
| G9 | GrAsst9 | Graduate Assistant 9 MO E | 0.00 | |
| GA | GrAsst | Graduate Assistant E | 0.00 | |
| H1 | Hourly | Hourly NE | 7.60 | 539183 |
| LE | Police | Law Enforcement Officers NE | 37.20 | 522182 |
| M1 | MFac | Clin MD Faculty FT E | 37.20 | 513180 |
| M2 | Clin Fac | Clin MD Faculty 9/10 FT E | 37.20 | 513180 |
| M3 | CFac P | Clin MD Faculty 50-74 PT E | 7.60 | 513181 |
| M4 | CFac 910P | Clin MD Fac 9/10 50-74 PT E | 7.60 | 513181 |
| M5 | CFac | Clin MD Faculty >75 QFT E | 37.20 | 513180 |
| M6 | CFac 910Q | Clin MD Fac 9/10 MO >75 E | 37.20 | 513180 |
| O1 | OFac | Clin Other Faculty mo FT E | 37.20 | 514180 |
| O2 | CFac 9 | Clin Other Faculty 9/10 mo FT E | 37.20 | 514180 |
| O3 | OFac P | Clin Other Faculty PT E50-74 | 7.60 | 514181 |
| O4 | OFac 910P | Clin Other Faculty 9/10 PT 50>74 E | 7.60 | 514181 |
| O5 | OFac | Clin Other Faculty >75 QFT E | 37.20 | 514180 |
| O6 | OFac 910Q | Clin Other Faculty 9/10 MO >75 E | 37.20 | 514180 |
| P1 | PFac | Prof Faculty mo FT E | 37.20 | 512180 |
| P2 | PFac 9 | Prof Faculty 9/10 mo FT E | 37.20 | 512180 |
| P3 | PFac P | Prof Faculty mo 50-74 PT E | 7.60 | 512181 |
| P4 | PFac 910P | Prof Faculty 9/10 PT 50<74 E | 7.60 | 512181 |
| P5 | PFac | Prof Faculty mo 75 E | 37.20 | 512180 |
| P6 | PFac 910Q | Prof Faculty 9/10 mo >75 E | 37.20 | 512180 |
| PD | PostDoc | Post Doc E | 7.60 | 539183 |
| PS | Pres | President | 37.20 | 500180 |
| QH | Q-Hourly | VCUQ Hourly Local Hire | 0.00 | |
| QS | Q-Salary | VCUQ Salaried Local Hire | 0.00 | |
| SW | Students | Student Workers NE | 0.00 | |
| VQ | VCU Q | Qatar Faculty | 24.96 | 511180 |
| WS | Study | Work Study NE | 0.00 |
Each year's rates are effective with salaries and wages paid on or after July 1 and should be used when preparing budgets to which fringe benefits are charged.
Wages paid from the following Banner Expenditure accounts are exempt from having fringe cost charged to them:
| Banner Expenditure Account | Account Description |
|---|---|
| 533110 | Wages and Taxable Fellowships |
| 534110 | Wages--Work Study Students |
| 535110 | Housestaff |
Fringe benefits on salaries paid by the Medical College of Virginia Hospitals are as billed by the Hospital (Housestaff and CRC)
Fringe benefit definitions
Retirement: Retirement contributions for employees in the VRS system and for those in other retirement plans.
FICA: Composed of social security insurance (OASI) and Medicare. Certain benefits such as life insurance premiums over $50,000 and pretax items, such as flex benefits and annuities, are added to or deducted from gross salaries to compute Medicare gross.
Group insurance: Basic life insurance provides life insurance and accidental death and dismemberment insurance. The specific benefits are: group life insurance without a medical examination, natural death benefits, double indemnity for accidental death, dismemberment payments for accidental loss of one or more limbs or eyesight, accelerated death benefit for a terminal condition.
Health insurance: This benefit is provided for employees with health plans in the HRS system that were not waived, exempt, ineligible or second employee of a two-employee family.
Health insurance credit: Used to offset retirement cost of health insurance for current and future Virginia Retirement System retirees.
Unemployment compensation: Represents benefits paid to an employee as a result of his/her separation from the University when determined by the Virginia Employment Commission to be eligible to receive this compensation.
Workers compensation: Contribution to the Commonwealth of Virginia's self insurance program for employees who incur an injury/illness arising out of and in the course of official work-related duties.
Long-term disability insurance: Provides those employees who are enrolled in other retirement plans, disability income replacement if they are unable to work for a long period of time due to an illness or injury.
VRS long-term disability: For those employees enrolled in the Virginia Sickness and Disability Program. It provides income replacement if unable to work for a long period of time due to an illness or injury. It usually begins at the conclusion of the 180 calendar days of short term disability benefits.
Tuition benefit: Tuition cost associated with the providing of training and professional development opportunities for eligible employees through courses for academic credit at VCU.
Fee waivers: Student activity fees, health fees, government fees, and the University fees related to any tuition waived for eligible employees.
Background checks: Cost to perform background checks for any criminal history on new employees.
Benefits consultant: Fees paid to consultants to assist in the compliance of the various benefit plans with applicable laws and regulations.
Cash match plan: A plan in which the University provides a 50% match of up to a maximum of $10.00 per pay period to all eligible employees participating in the Tax-Deferred Annuity Program.
Equalization: The equalization factor compensates for under (over) recoveries in the year ending one year before the year.