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)
 POST DOC
FICA7.29%7.87% 7.65%
Retirement12.45%  
Group Life Insurance0.54%  
Health Insurance16.84% 11.61%
Retirement Health Insurance Credit1.10%  
Unemployment Compensation0.16%0.15%0.16%
Workers' Compensation0.49%0.48%0.48%
Faculty-Staff Tuition Waivers0.70%  
Short Term Disability0.03%  
Leave Balances Upon Separation0.74%  
Long-Term Disability0.08%  
VRS Long-Term Disability0.25%  
Cash Match Plan0.43%  
Benefits Consultant0.00%  
Equalization0.00%  
Total41.10%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 CodeE Class Short DescriptionE Class Long DescriptionFringe Benefit RateBanner Account
A1 AFac Admin Faculty mo FTE 41.1 510180
A2AFac 9/10Admin Faculty 9/10 mo FTE41.1 510180
A3AFac PAdmin Faculty mo PT 50>74 E8.5 510181
A4AFac 910PAdmin Faculty 9/10 PT 50<74 E8.5 510181
A5AFac QAdmin Faculty >75 E41.1 510180
A6AFac 910QAdmin Faculty 9/10 MO>75E41.1 510180
AFAffliatAffliates 
AJAdjunctAdjunct Faculty E8.5511181
C1Class NEClassified FT NE41.1 520182
C2ClassifiClassified FT E41.1 520182
C3ClassQNEClassified > than 75 NE41.1 520182
C4ClassQEClassified > than 75 E41.1 520182
C5ClassPNEClassified 50-74 NE41.1520183
C6Class PEClassified 50 < than 74 E41.1520183
EXSalOthEExempt Salaried-Other8.5 539183
F1FacTeaching Research Fac FT E41.1 511180
F2Fac 9/10Teaching Research Fac 9/10 FT E41.1 511180
F3Fac PTeaching ReschFac 50<74 PT E41.1511181
F4Fac 9/10PTR Faculty 9/10 PT E 50<7441.1 511181
F5Fac QTeaching Research Fac >75 E41.1 511180
F6Fac 910QTeaching Research 9/10 MO>75 E41.1 511180
G9GrAsst9Graduate Assistant 9 MO E 
GAGrAsstGraduate Assistant E 
H1HourlyHourly NE8.5539183
LEPoliceLaw Enforcement Officers NE41.1 522182
M1MFacClin MD Faculty FT E41.1 513180
M2Clin FacClin MD Faculty 9/10 FT E41.1 513180
M3CFac PClin MD Faculty 50-74 PT E41.1513181
M4CFac 910PClin MD Fac 9/10 50-74 PT E41.1513181
M5CFacClin MD Faculty >75 QFT E41.1 513180
M6CFac 910QClin MD Fac 9/10 MO >75 E41.1 513180
O1OFacClin Other Faculty mo FT E41.1 514180
O2CFac 9Clin Other Faculty 9/10 mo FT E41.1 514180
O3OFac PClin Other Faculty PT E50-7441.1514181
O4OFac 910PClin Other Faculty 9/10 PT 50>74 E41.1 514181
O5OFacClin Other Faculty >75 QFT E41.1 514180
O6OFac 910QClin Other Faculty 9/10 MO >75 E41.1 514180
P1PFacProf Faculty mo FT E41.1 512180
P2PFac 9Prof Faculty 9/10 mo FT E41.1 512180
P3PFac PProf Faculty mo 50-74 PT E8.5 512181
P4PFac 910PProf Faculty 9/10 PT 50<74 E8.5 512181
P5PFacProf Faculty mo 75 E41.1 512180
P6PFac 910QProf Faculty 9/10 mo >75 E41.1 512180
PDPostDocPost Doc E19.9 539183
PSPresPresident41.1 500180
QHQ-HourlyVCUQ Hourly Local Hire 
QSQ-SalaryVCUQ Salaried Local Hire 
SWStudentsStudent Workers NE 
VQVCU QQatar Faculty19.2511180
WSStudyWork Study NE 
UFUnvProFTUniv and Acad Professional FT41.1 560182
UPUnvProPTUniv and Acad Professional PT41.1560183

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 AccountAccount Description
533110Wages and Taxable Fellowships
534110Wages--Work Study Students
535110Housestaff

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)
FICA7.20%8.07% 
Retirement11.57% 
Group Life Insurance1.31% 
Health Insurance15.42% 
Health Insurance Credit1.15% 
Unemployment Compensation0.10%0.10%
Workers' Compensation0.42%0.43%
Long-Term Disability0.18% 
VRS Long-Term Disability0.26% 
Faculty-Staff Tuition Benefit1.25% 
Short-Term Disability0.03% 
Leave balances upon Separation0.57% 
Benefits Consultant0.00% 
Cash Match Plan0.64% 
Equalization0.00% 
Total40.10%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 CodeE Class Short DescriptionE Class Long DescriptionFringe Benefit RateBanner Account
A1 AFac Admin Faculty mo FTE 40.1 510180
A2AFac 9/10Admin Faculty 9/10 mo FTE40.1 510180
A3AFac PAdmin Faculty mo PT 50>74 E8.6 510181
A4AFac 910PAdmin Faculty 9/10 PT 50<74 E8.6 510181
A5AFac QAdmin Faculty >75 E40.1 510180
A6AFac 910QAdmin Faculty 9/10 MO>75E40.1 510180
AFAffliatAffliates 
AJAdjunctAdjunct Faculty E8.6 511181
C1Class NEClassified FT NE40.1 520182
C2ClassifiClassified FT E40.1 520182
C3ClassQNEClassified > than 75 NE40.1 520182
C4ClassQEClassified > than 75 E40.1 520182
C5ClassPNEClassified 50-74 NE8.6 520183
C6Class PEClassified 50 < than 74 E8.6 520183
EXSalOthEExempt Salaried-Other8.6 539183
F1FacTeaching Research Fac FT E40.1 511180
F2Fac 9/10Teaching Research Fac 9/10 FT E40.1 511180
F3Fac PTeaching ReschFac 50<74 PT E8.6 511181
F4Fac 9/10PTR Faculty 9/10 PT E 50<748.6 511181
F5Fac QTeaching Research Fac >75 E40.1 511180
F6Fac 910QTeaching Research 9/10 MO>75 E40.1 511180
G9GrAsst9Graduate Assistant 9 MO E 
GAGrAsstGraduate Assistant E 
H1HourlyHourly NE8.6 539183
LEPoliceLaw Enforcement Officers NE40.1 522182
M1MFacClin MD Faculty FT E40.1 513180
M2Clin FacClin MD Faculty 9/10 FT E40.1 513180
M3CFac PClin MD Faculty 50-74 PT E8.6 513181
M4CFac 910PClin MD Fac 9/10 50-74 PT E8.6 513181
M5CFacClin MD Faculty >75 QFT E40.1 513180
M6CFac 910QClin MD Fac 9/10 MO >75 E40.1 513180
O1OFacClin Other Faculty mo FT E40.1 514180
O2CFac 9Clin Other Faculty 9/10 mo FT E40.1 514180
O3OFac PClin Other Faculty PT E50-748.6 514181
O4OFac 910PClin Other Faculty 9/10 PT 50>74 E8.6 514181
O5OFacClin Other Faculty >75 QFT E40.1 514180
O6OFac 910QClin Other Faculty 9/10 MO >75 E40.1 514180
P1PFacProf Faculty mo FT E40.1 512180
P2PFac 9Prof Faculty 9/10 mo FT E40.1 512180
P3PFac PProf Faculty mo 50-74 PT E8.6 512181
P4PFac 910PProf Faculty 9/10 PT 50<74 E8.6 512181
P5PFacProf Faculty mo 75 E40.1 512180
P6PFac 910QProf Faculty 9/10 mo >75 E40.1 512180
PDPostDocPost Doc E8.6 539183
PSPresPresident40.1 500180
QHQ-HourlyVCUQ Hourly Local Hire 
QSQ-SalaryVCUQ Salaried Local Hire 
SWStudentsStudent Workers NE 
VQVCU QQatar Faculty21.1 511180
WSStudyWork Study NE 
UFUnvProFTUniv and Acad Professional FT40.1 560182
UPUnvProPTUniv and Acad Professional PT8.6 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 AccountAccount Description
533110Wages and Taxable Fellowships
534110Wages--Work Study Students
535110Housestaff

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)
Retirement10.94% 
FICA6.93%7.64%
Group Life1.26% 
Health Insurance16.66% 
Health Insurance Credit1.09% 
Unemployment0.08%0.08%
Workers Compensation0.38%0.38%
Long-Term Disability0.20% 
VRS Long-Term Disability0.27% 
Faculty-Staff Tuition Benefit0.46% 
Short-Term Disability0.03% 
Leave balances upon Seperation0.59% 
Benefits Consultant0.00% 
Cash Match Plan0.51% 
Equalization0.00% 
Total39.40%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 CodeE Class Short DescriptionE Class Long DescriptionFringe Benefit RateBanner Account
A1AFacAdmin Faculty mo FTE39.40510180
A2AFac 9/10Admin Faculty 9/10 mo FTE39.40510180
A3AFac PAdmin Faculty mo PT 50>74 E8.10510181
A4AFac 910PAdmin Faculty 9/10 PT 50<74 E8.10510181
A5AFac QAdmin Faculty >75 E39.40510180
A6AFac 910QAdmin Faculty 9/10 MO>75E39.40510180
AFAffliatAffliates0.00 
AJAdjunctAdjunct Faculty E8.10511181
C1Class NEClassified FT NE39.40520182
C2ClassifiClassified FT E39.40520182
C3ClassQNEClassified > than 75 NE39.40520182
C4ClassQEClassified > than 75 E39.40520182
C5ClassPNEClassified 50-74 NE8.10520183
C6Class PEClassified 50 < than 74 E8.10520183
EXSalOthEExempt Salaried-Other8.10539183
F1FacTeaching Research Fac FT E39.40511180
F2Fac 9/10Teaching Research Fac 9/10 FT E39.40511180
F3Fac PTeaching ReschFac 50<74 PT E8.10511181
F4Fac 9/10PTR Faculty 9/10 PT E 50<748.10511181
F5Fac QTeaching Research Fac >75 E39.40511180
F6Fac 910QTeaching Research 9/10 MO>75 E39.40511180
G9GrAsst9Graduate Assistant 9 MO E0.00 
GAGrAsstGraduate Assistant E0.00 
H1HourlyHourly NE8.10539183
LEPoliceLaw Enforcement Officers NE39.40522182
M1MFacClin MD Faculty FT E39.40513180
M2Clin FacClin MD Faculty 9/10 FT E39.40513180
M3CFac PClin MD Faculty 50-74 PT E8.10513181
M4CFac 910PClin MD Fac 9/10 50-74 PT E8.10513181
M5CFacClin MD Faculty >75 QFT E39.40513180
M6CFac 910QClin MD Fac 9/10 MO >75 E39.40513180
O1OFacClin Other Faculty mo FT E39.40514180
O2CFac 9Clin Other Faculty 9/10 mo FT E39.40514180
O3OFac PClin Other Faculty PT E50-748.10514181
O4OFac 910PClin Other Faculty 9/10 PT 50>74 E8.10514181
O5OFacClin Other Faculty >75 QFT E39.40514180
O6OFac 910QClin Other Faculty 9/10 MO >75 E39.40514180
P1PFacProf Faculty mo FT E39.40512180
P2PFac 9Prof Faculty 9/10 mo FT E39.40512180
P3PFac PProf Faculty mo 50-74 PT E8.10512181
P4PFac 910PProf Faculty 9/10 PT 50<74 E8.10512181
P5PFacProf Faculty mo 75 E39.40512180
P6PFac 910QProf Faculty 9/10 mo >75 E39.40512180
PDPostDocPost Doc E8.10539183
PSPresPresident39.40500180
QHQ-HourlyVCUQ Hourly Local Hire0.00 
QSQ-SalaryVCUQ Salaried Local Hire0.00 
SWStudentsStudent Workers NE0.00 
VQVCU QQatar Faculty23.90511180
WSStudyWork Study NE0.00 
UFUnvProFTUniv and Acad Professional FT39.40560182
UPUnvProPTUniv and Acad Professional PT8.10560183

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 AccountAccount Description
533110Wages and Taxable Fellowships
534110Wages--Work Study Students
535110Housestaff

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)
Retirement11.11% 
FICA6.75%7.86%
Group Life1.30% 
Health Insurance15.81% 
Health Insurance Credit1.11% 
Unemployment0.02%0.02%
Workers Compensation0.32%0.32%
Long-Term Disability0.16% 
VRS Long-Term Disability0.28% 
Faculty-Staff Tuition Benefit0.44% 
Short-Term Disability0.03% 
Leave balances upon Seperation0.48% 
Benefits Consultant0.00% 
Cash Match Plan0.39% 
Equalization0.00% 
Total38.20%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 CodeE Class Short DescriptionE Class Long DescriptionFringe Benefit RateBanner Account
A1AFacAdmin Faculty mo FTE38.20510180
A2AFac 9/10Admin Faculty 9/10 mo FTE38.20510180
A3AFac PAdmin Faculty mo PT 50>74 E8.20510181
A4AFac 910PAdmin Faculty 9/10 PT 50<74 E8.20510181
A5AFac QAdmin Faculty >75 E38.20510180
A6AFac 910QAdmin Faculty 9/10 MO>75E38.20510180
AFAffliatAffliates0.00 
AJAdjunctAdjunct Faculty E8.20511181
C1Class NEClassified FT NE38.20520182
C2ClassifiClassified FT E38.20520182
C3ClassQNEClassified > than 75 NE38.20520182
C4ClassQEClassified > than 75 E38.20520182
C5ClassPNEClassified 50-74 NE8.20520183
C6Class PEClassified 50 < than 74 E8.20520183
EXSalOthEExempt Salaried-Other8.20539183
F1FacTeaching Research Fac FT E38.20511180
F2Fac 9/10Teaching Research Fac 9/10 FT E38.20511180
F3Fac PTeaching ReschFac 50<74 PT E8.20511181
F4Fac 9/10PTR Faculty 9/10 PT E 50<748.20511181
F5Fac QTeaching Research Fac >75 E38.20511180
F6Fac 910QTeaching Research 9/10 MO>75 E38.20511180
G9GrAsst9Graduate Assistant 9 MO E0.00 
GAGrAsstGraduate Assistant E0.00 
H1HourlyHourly NE8.20539183
LEPoliceLaw Enforcement Officers NE38.20522182
M1MFacClin MD Faculty FT E38.20513180
M2Clin FacClin MD Faculty 9/10 FT E38.20513180
M3CFac PClin MD Faculty 50-74 PT E8.20513181
M4CFac 910PClin MD Fac 9/10 50-74 PT E8.20513181
M5CFacClin MD Faculty >75 QFT E38.20513180
M6CFac 910QClin MD Fac 9/10 MO >75 E38.20513180
O1OFacClin Other Faculty mo FT E38.20514180
O2CFac 9Clin Other Faculty 9/10 mo FT E38.20514180
O3OFac PClin Other Faculty PT E50-748.20514181
O4OFac 910PClin Other Faculty 9/10 PT 50>74 E8.20514181
O5OFacClin Other Faculty >75 QFT E38.20514180
O6OFac 910QClin Other Faculty 9/10 MO >75 E38.20514180
P1PFacProf Faculty mo FT E38.20512180
P2PFac 9Prof Faculty 9/10 mo FT E38.20512180
P3PFac PProf Faculty mo 50-74 PT E8.20512181
P4PFac 910PProf Faculty 9/10 PT 50<74 E8.20512181
P5PFacProf Faculty mo 75 E38.20512180
P6PFac 910QProf Faculty 9/10 mo >75 E38.20512180
PDPostDocPost Doc E8.20539183
PSPresPresident38.20500180
QHQ-HourlyVCUQ Hourly Local Hire0.00 
QSQ-SalaryVCUQ Salaried Local Hire0.00 
SWStudentsStudent Workers NE0.00 
VQVCU QQatar Faculty26.56511180
WSStudyWork Study NE0.00 

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 AccountAccount Description
533110Wages and Taxable Fellowships
534110Wages--Work Study Students
535110Housestaff

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)
Retirement11.39% 
FICA6.84%7.26%
Group Life1.31% 
Health Insurance14.99% 
Health Insurance Credit1.13% 
Unemployment0.05%0.04%
Workers Compensation0.31%0.30%
Long-Term Disability0.15% 
VRS Long-Term Disability0.30% 
Faculty-Staff Tuition Benefit0.31% 
Fee Waivers0.00% 
Background Checks0.00% 
Benefits Consultant0.00% 
Cash Match Plan0.42% 
Equalization0.00% 
Total37.20%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 CodeE Class Short DescriptionE Class Long DescriptionFringe Benefit RateBanner Account
A1AFacAdmin Faculty mo FTE37.20510180
A2AFac 9/10Admin Faculty 9/10 mo FTE37.20510180
A3AFac PAdmin Faculty mo PT 50>74 E7.60510181
A4AFac 910PAdmin Faculty 9/10 PT 50<74 E7.60510181
A5AFac QAdmin Faculty >75 E37.20510180
A6AFac 910QAdmin Faculty 9/10 MO>75E37.20510180
AFAffliatAffliates0.00 
AJAdjunctAdjunct Faculty E7.60511181
C1Class NEClassified FT NE37.20520182
C2ClassifiClassified FT E37.20520182
C3ClassQNEClassified > than 75 NE37.20520182
C4ClassQEClassified > than 75 E37.20520182
C5ClassPNEClassified 50-74 NE7.60520183
C6Class PEClassified 50 < than 74 E7.60520183
EXSalOthEExempt Salaried-Other7.60539183
F1FacTeaching Research Fac FT E37.20511180
F2Fac 9/10Teaching Research Fac 9/10 FT E37.20511180
F3Fac PTeaching ReschFac 50<74 PT E7.60511181
F4Fac 9/10PTR Faculty 9/10 PT E 50<747.60511181
F5Fac QTeaching Research Fac >75 E37.20511180
F6Fac 910QTeaching Research 9/10 MO>75 E37.20511180
G9GrAsst9Graduate Assistant 9 MO E0.00 
GAGrAsstGraduate Assistant E0.00 
H1HourlyHourly NE7.60539183
LEPoliceLaw Enforcement Officers NE37.20522182
M1MFacClin MD Faculty FT E37.20513180
M2Clin FacClin MD Faculty 9/10 FT E37.20513180
M3CFac PClin MD Faculty 50-74 PT E7.60513181
M4CFac 910PClin MD Fac 9/10 50-74 PT E7.60513181
M5CFacClin MD Faculty >75 QFT E37.20513180
M6CFac 910QClin MD Fac 9/10 MO >75 E37.20513180
O1OFacClin Other Faculty mo FT E37.20514180
O2CFac 9Clin Other Faculty 9/10 mo FT E37.20514180
O3OFac PClin Other Faculty PT E50-747.60514181
O4OFac 910PClin Other Faculty 9/10 PT 50>74 E7.60514181
O5OFacClin Other Faculty >75 QFT E37.20514180
O6OFac 910QClin Other Faculty 9/10 MO >75 E37.20514180
P1PFacProf Faculty mo FT E37.20512180
P2PFac 9Prof Faculty 9/10 mo FT E37.20512180
P3PFac PProf Faculty mo 50-74 PT E7.60512181
P4PFac 910PProf Faculty 9/10 PT 50<74 E7.60512181
P5PFacProf Faculty mo 75 E37.20512180
P6PFac 910QProf Faculty 9/10 mo >75 E37.20512180
PDPostDocPost Doc E7.60539183
PSPresPresident37.20500180
QHQ-HourlyVCUQ Hourly Local Hire0.00 
QSQ-SalaryVCUQ Salaried Local Hire0.00 
SWStudentsStudent Workers NE0.00 
VQVCU QQatar Faculty24.96511180
WSStudyWork Study NE0.00 

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 AccountAccount Description
533110Wages and Taxable Fellowships
534110Wages--Work Study Students
535110Housestaff

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)
Retirement11.13% 
FICA6.64%7.65%
Group Life1.32% 
Health Insurance14.09% 
Health Insurance Credit1.07% 
Unemployment0.04%0.13%
Workers Compensation0.25%0.72%
Long-Term Disability0.36% 
VRS Long-Term Disability0.28% 
Faculty-Staff Tuition Waivers0.44% 
Short-Term Disability0.00% 
Leave balances upon Seperation0.00% 
Benefits Consultant0.00% 
Cash Match Plan0.48% 
Equalization0.00% 
Total36.30%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 CodeE Class Short DescriptionE Class Long DescriptionFringe Benefit RateBanner Account
A1AFacAdmin Faculty mo FTE36.30510180
A2AFac 9/10Admin Faculty 9/10 mo FTE36.30510180
A3AFac PAdmin Faculty mo PT 50>74 E8.50510181
A4AFac 910PAdmin Faculty 9/10 PT 50<74 E8.50510181
A5AFac QAdmin Faculty >75 E36.30510180
A6AFac 910QAdmin Faculty 9/10 MO>75E36.30510180
AFAffliatAffliates0.00 
AJAdjunctAdjunct Faculty E8.50511181
C1Class NEClassified FT NE36.30520182
C2ClassifiClassified FT E36.30520182
C3ClassQNEClassified > than 75 NE36.30520182
C4ClassQEClassified > than 75 E36.30520182
C5ClassPNEClassified 50-74 NE8.50520183
C6Class PEClassified 50 < than 74 E8.50520183
EXSalOthEExempt Salaried-Other8.50539183
F1FacTeaching Research Fac FT E36.30511180
F2Fac 9/10Teaching Research Fac 9/10 FT E36.30511180
F3Fac PTeaching ReschFac 50<74 PT E8.50511181
F4Fac 9/10PTR Faculty 9/10 PT E 50<748.50511181
F5Fac QTeaching Research Fac >75 E36.30511180
F6Fac 910QTeaching Research 9/10 MO>75 E36.30511180
G9GrAsst9Graduate Assistant 9 MO E0.00 
GAGrAsstGraduate Assistant E0.00 
H1HourlyHourly NE8.50539183
LEPoliceLaw Enforcement Officers NE36.30522182
M1MFacClin MD Faculty FT E36.30513180
M2Clin FacClin MD Faculty 9/10 FT E36.30513180
M3CFac PClin MD Faculty 50-74 PT E8.50513181
M4CFac 910PClin MD Fac 9/10 50-74 PT E8.50513181
M5CFacClin MD Faculty >75 QFT E36.30513180
M6CFac 910QClin MD Fac 9/10 MO >75 E36.30513180
O1OFacClin Other Faculty mo FT E36.30514180
O2CFac 9Clin Other Faculty 9/10 mo FT E36.30514180
O3OFac PClin Other Faculty PT E50-748.50514181
O4OFac 910PClin Other Faculty 9/10 PT 50>74 E8.50514181
O5OFacClin Other Faculty >75 QFT E36.30514180
O6OFac 910QClin Other Faculty 9/10 MO >75 E36.30514180
P1PFacProf Faculty mo FT E36.30512180
P2PFac 9Prof Faculty 9/10 mo FT E36.30512180
P3PFac PProf Faculty mo 50-74 PT E8.50512181
P4PFac 910PProf Faculty 9/10 PT 50<74 E8.50512181
P5PFacProf Faculty mo 75 E36.30512180
P6PFac 910QProf Faculty 9/10 mo >75 E36.30512180
PDPostDocPost Doc E8.50539183
PSPresPresident36.30500180
QHQ-HourlyVCUQ Hourly Local Hire0.00 
QSQ-SalaryVCUQ Salaried Local Hire0.00 
SWStudentsStudent Workers NE0.00 
VQVCU QQatar Faculty25.04511180
WSStudyWork Study NE0.00 

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 AccountAccount Description
533110Wages and Taxable Fellowships
534110Wages--Work Study Students
535110Housestaff

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.

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