Awards effective on or after July 1, 2019, should use the new fringe benefits rate effective for FY2020.
Fringe benefits are a direct cost to a sponsored project. Prior to July 1, 2016, estimated rates were provided but actual fringe benefits were billed to the sponsored project at the time the costs were incurred based on the salary, selected benefit packages, and other variables selected by the individual employee.
Beginning July 1, 2016, the fringe benefits pool rates determined for each pay group will be billed to the sponsored project at the time the salary costs are incurred. The impact of an employee's benefits choice will no longer impact what is charged to the sponsored project.
If the sponsor will not pay fringe benefits costs, the PI must provide an account number for the fringe benefits as part of the GoldSheet submission.