Category results for: Fringe Rates
FY2027 Fringe Benefit Rate Update – Effective July 1, 2026
The Controller’s Office is working on updating the fringe rates applicable to fiscal year 2027. The new rates are applicable to transactions incurred on or after Jul 01, 2026.Faculty/Classified Fringe 38.7% (Decrease from 38.8%) Hourly Fringe 7.8% (Increase from 7.4%) Updated Process Payroll: o input new rates in Banner; new rates to be automatically applied to […]
Fringe Rate Changes for Fiscal Year 2026: What You Need to Know
The Controller’s Office and the Budget Office are working on updating the fringe rates applicable to fiscal year 2026. Formal rate approval was received on March 10, 2026, and is applicable to transactions incurred on or after July 1, 2025. Updated Fringe Rates Update Process – Controller’s Office Update Process – Budget Office The Budget […]
