Standard Benefit Rates (SBR) for 2012-13

To: Principals, Deans, Academic Directors and Chairs

cc: Divisional Business Officers via AMS listserv
Divisional Financial Officers via DFO listserv

From: Sally Gamer, Executive Director, Planning & Budget

Re: Standard Benefit Rates (SBR) for 2012-13

Date: January 30, 2012

Employer benefit costs are currently charged to divisions at a standard benefit rate of 24.25% of compensation for appointed staff and 10.00% of compensation for non-appointed staff.

Effective May 1, 2012, the standard benefit rate will increase to 24.75% of compensation for appointed staff. The rate increase is due primarily to an increase in pension current service funding and recent increases to earning ceilings for legislated benefits. Please note that the SBR excludes any pension special payments.

The standard benefit rate for non-appointed staff will remain at 10.00%

Research grant applications and ancillary budget planning for fiscal 2013-14 should use the estimated rates of 24.75% for appointed staff and 10.00% for non-appointed staff.

Please note this is only an estimate and the final SBR rate for 2013-14 will be determined towards the end of 2012, in order to take into account projected benefit costs and salaries at that time.

If you have any further questions please contact your Planning and Budget Officer.