Scribd Logo
Upload

Welcome to Scribd!

  • 121 views

    FY09 Salary Computation Guidelines 3-24-08

    Uploaded by

    shobhasharma82
    This document provides guidelines for calculating salaries, pay periods, work hours, and fringe benefits rates for faculty, staff, postdocs, and students at the university until amended. Key details include: - The facilities & administrative cost rate is 52% for on-campus research and 26% for off-campus research. The fringe benefits rate is 27.5% for full-time employees, 7.6% for part-time/summer faculty, and 9.7% for part-time/students. - Faculty academic year salaries are calculated based on hourly annual rate and total annual hours of 1400. Summer salaries are 33% of academic year salary. Pay periods and work weeks are outlined.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content

    You might also like

    FY09 Salary Computation Guidelines 3-24-08

    Uploaded by

    shobhasharma82
    121 views1 page
    This document provides guidelines for calculating salaries, pay periods, work hours, and fringe benefits rates for faculty, staff, postdocs, and students at the university until amended. Key details include: - The facilities & administrative cost rate is 52% for on-campus research and 26% for off-campus research. The fringe benefits rate is 27.5% for full-time employees, 7.6% for part-time/summer faculty, and 9.7% for part-time/students. - Faculty academic year salaries are calculated based on hourly annual rate and total annual hours of 1400. Summer salaries are 33% of academic year salary. Pay periods and work weeks are outlined.

    Original Description:

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    XLS, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document provides guidelines for calculating salaries, pay periods, work hours, and fringe benefits rates for faculty, staff, postdocs, and students at the university until amended. Key details include: - The facilities & administrative cost rate is 52% for on-campus research and 26% for off-campus research. The fringe benefits rate is 27.5% for full-time employees, 7.6% for part-time/summer faculty, and 9.7% for part-time/students. - Faculty academic year salaries are calculated based on hourly annual rate and total annual hours of 1400. Summer salaries are 33% of academic year salary. Pay periods and work weeks are outlined.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xls, pdf, or txt
    121 views1 page

    FY09 Salary Computation Guidelines 3-24-08

    Uploaded by

    shobhasharma82
    This document provides guidelines for calculating salaries, pay periods, work hours, and fringe benefits rates for faculty, staff, postdocs, and students at the university until amended. Key details include: - The facilities & administrative cost rate is 52% for on-campus research and 26% for off-campus research. The fringe benefits rate is 27.5% for full-time employees, 7.6% for part-time/summer faculty, and 9.7% for part-time/students. - Faculty academic year salaries are calculated based on hourly annual rate and total annual hours of 1400. Summer salaries are 33% of academic year salary. Pay periods and work weeks are outlined.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xls, pdf, or txt
    of 1

    SALARY COMPUTATION GUIDELINES UNTIL AMENDED As of 3-24-08

    FACILITIES & ADMINISTRATIVE COST RATE FRINGE BENEFITS RATE


    7/1/2007 Until Amended 7/1/2007 Until Amended
    52% On-Campus Research 27.5% Full-Time Employees
    26% Off Campus Research 7.6% Part-Time/Summer Faculty
    9.7% Part-Time/Student

    FACULTY AY FACULTY SUMMER


    AY Salary
    = Hourly AY Rate
    Total AY Hours (1400) AY Salary x 33% = Total Summer Salary Allowed

    Total AY Salary Total Summer Salary


    = Weekly Salary = Weekly Summer Salary
    44 weeks* 12 summer weeks*

    Weekly Salary x 2 = Pay Period Salary Weekly Summer Salary


    = Hourly Summer Rate
    35 hour week
    FACULTY PAY PERIODS FACULTY WORK WEEKS
    22 AY PP 40 Work Weeks FACULTY WORK WEEKS / HOURS
    4 Summer PP 35 Hours Week
    26 Total PP 1400 AY Hours YEAR AY SUMMER
    Work Weeks 52 40 12
    ACADEMIC RELEASE TIME Work Week Hrs 35 35 35
    1/2 Release = 50% (700 Hrs) Total Hrs 1820 1400 420
    1/4 Release = 25% (350 Hrs)
    1/8 Release = 12.5% (175 Hrs)
    1/16 Release = 6.25% (87.5 Hrs)

    * AY Work Period = 40 weeks with salary paid out over 44 weeks/22 pay * Summer Work Period = 12 weeks with salary paid out over 8 weeks/4 pay periods
    periods

    STAFF/POST DOC ANNUAL/YEARLY STAFF/POST DOC YEARLY WEEKS / HOURS


    Yearly Salary
    = Bi-Weekly Salary
    26 pay periods
    Work Weeks 52
    Bi-Weekly Salary Work Week Hrs 35
    = Hourky Rate
    70 hours Total Hrs 1820

    POST DOC SALARY RANGE STAFF/POST DOC PAY PERIODS


    Minimum = $35,000 26 Total PP
    Maximum = $55,000

    STUDENT (MINIMUM) STIPEND RESEARCH ASSISTANT STUDENT WORK WEEKS / HOURS


    2008-2009
    Doctoral Student* Fall Semester = 4.5 Months, 20 Weeks x 20 Hrs = 400 Hrs
    12 Month Salary = $25,295.40 Spring Semester = 4.5 Months, 20 Weeks x 20 Hrs = 400 Hrs
    9 Month AY Salary = $19,489.05 AY = 40 Weeks x 20 Hrs = 800 Hr
    Summer 1 & 2 Salary = $5,806.35 Summer = 12 Weeks x 35 Hours = 420 Hrs
    TOTAL HOURS = 1220
    Hourly Rate = $20.73 TOTAL WEEKS = 52

    STUDENT TUITION
    Masters Student* FY 09*
    12 Month Salary = $12,420.00
    9 Month AY Salary = $9,315.00 Graduate In­State = $14,574
    Summer 1 & 2 Salary = $3,105.00 Out-of-State = $19,356

    Hourly Rate = $12.73 Undergraduate In­State =  $10,379


    Out-of-State = $19,722
    Under Graduate Student
    Hourly Rate = $10.00 *7% Increase from FY 08 For In-State & Out-Of-State Tuition

    *NOTE: Increase 3.5% from FY08

    You might also like