{"id":4287,"date":"2023-12-19T16:25:47","date_gmt":"2023-12-19T21:25:47","guid":{"rendered":"https:\/\/www.med.unc.edu\/spo\/?p=4287"},"modified":"2023-12-19T16:50:56","modified_gmt":"2023-12-19T21:50:56","slug":"new-fringe-rates-for-fiscal-year-2024","status":"publish","type":"post","link":"https:\/\/www.med.unc.edu\/spo\/2023\/12\/new-fringe-rates-for-fiscal-year-2024\/","title":{"rendered":"New Fringe Rates for Fiscal Year 2024"},"content":{"rendered":"<h3>New Fringe Rate Categories<\/h3>\n<p><a href=\"https:\/\/research.unc.edu\/2023\/12\/18\/new-fringe-rates-for-fiscal-year-2024\/\" target=\"_blank\" rel=\"noopener\">December 18, 2023<\/a> By John Traversaro<\/p>\n<p><strong>Effective January 1, 2024<\/strong>, there are now <strong>three fringe benefit rates instead of one composite rate<\/strong> for permanent employees.<\/p>\n<ul>\n<li><strong>Faculty TSERS<\/strong> \u2013 34.510%<\/li>\n<li><strong>Faculty ORP<\/strong> \u2013 23.580%<\/li>\n<li><strong>SHRA\/EHRA Non-Faculty<\/strong> \u2013 36.910%<\/li>\n<\/ul>\n<h4>Proposal Budgeting<\/h4>\n<p><strong>For all proposals submitted on or after February 1, 2024, the composite rate will no longer be accepted<\/strong>. The use of one of the three fringe benefit rates will be required for budgeting personnel in their appropriate category on all sponsored project proposals. When budgeting for faculty, departments should also indicate in the proposal budget if the faculty member has elected the TSERS or ORP retirement plan.<\/p>\n<h4>Updated Fringe Resources<\/h4>\n<p>Please refer to the <a href=\"https:\/\/research.unc.edu\/wp-content\/uploads\/sites\/61\/2023\/12\/FY-2024-Fringe-Benefits-Memo-Three-Rates-Announcement-November-2023.pdf\" target=\"_blank\" rel=\"noopener\">FY24 Fringe Benefit memo (PDF)<\/a>, updated <a href=\"https:\/\/research.unc.edu\/wp-content\/uploads\/sites\/61\/2023\/12\/osp-FY2024-Schedule-I-II.pdf\" target=\"_blank\" rel=\"noopener\">Schedule I &amp; II (PDF)<\/a>, and <a href=\"https:\/\/research.unc.edu\/sponsored-programs\/resources\/information-sheet\/#info8\" target=\"_blank\" rel=\"noopener\">Information Sheet<\/a> to appropriately determine personnel benefit rates.<\/p>\n<p>The SPO <a href=\"https:\/\/www.med.unc.edu\/spo\/tools\/nih-focused-budget-template\/\" target=\"_blank\" rel=\"noopener\">NIH Focused Budget Template<\/a> has been updated with the new rates. <a href=\"https:\/\/www.med.unc.edu\/spo\/downloads\/\" target=\"_blank\" rel=\"noopener\">Download Your Copy<\/a> Today!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Fringe Rate Categories December 18, 2023 By John Traversaro Effective January 1, 2024, there are now three fringe benefit rates instead of one composite rate for permanent employees. Faculty TSERS \u2013 34.510% Faculty ORP \u2013 23.580% SHRA\/EHRA Non-Faculty \u2013 36.910% Proposal Budgeting For all proposals submitted on or after February 1, 2024, the composite &hellip; <a href=\"https:\/\/www.med.unc.edu\/spo\/2023\/12\/new-fringe-rates-for-fiscal-year-2024\/\" aria-label=\"Read more about New Fringe Rates for Fiscal Year 2024\">Read more<\/a><\/p>\n","protected":false},"author":3716,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-4287","post","type-post","status-publish","format-standard","hentry","category-news","odd"],"acf":[],"featured_image":false,"featured_image_medium":false,"featured_image_medium_large":false,"featured_image_large":false,"featured_image_thumbnail":false,"featured_image_alt":false,"category_details":[{"name":"News","link":"https:\/\/www.med.unc.edu\/spo\/category\/news\/"}],"tag_details":[],"_links_to":[],"_links_to_target":[],"_links":{"self":[{"href":"https:\/\/www.med.unc.edu\/spo\/wp-json\/wp\/v2\/posts\/4287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.med.unc.edu\/spo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.med.unc.edu\/spo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.med.unc.edu\/spo\/wp-json\/wp\/v2\/users\/3716"}],"replies":[{"embeddable":true,"href":"https:\/\/www.med.unc.edu\/spo\/wp-json\/wp\/v2\/comments?post=4287"}],"version-history":[{"count":0,"href":"https:\/\/www.med.unc.edu\/spo\/wp-json\/wp\/v2\/posts\/4287\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.med.unc.edu\/spo\/wp-json\/wp\/v2\/media?parent=4287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.med.unc.edu\/spo\/wp-json\/wp\/v2\/categories?post=4287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.med.unc.edu\/spo\/wp-json\/wp\/v2\/tags?post=4287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}