The Office of Naval Research has recently issued a provisional Fringe Benefit rate for Michigan Tech. Effective July 1, 2009, the regular and grant funded employee’s fringe rate of 42.6% will be applied to all funds.
Effective immediately, the regular and grant funded employee fringe benefit rate of 42.6% will be used in Sponsored Programs proposal budgets. The new fringe benefit rate will apply to supplemental or additional funding where funding is added for work beyond what was contained in the original agreement. The funding will generally be given a new index number in order to be separated from the funding in the original agreement.
For existing and incrementally funded Sponsored Programs, the fringe rate for regular and grant funded employees will be the lower of the rates used in the proposal budget or the new 42.6% rate.
The existing rates for the employee types, as described below, will be applied to all funds and will also be used in Sponsored Programs proposal budgets:
- Extra Compensation: 20.2%
- Temporary Employees: 10%
- Graduate Students: 8.75%
- Undergraduates: 0%
The current provisional rate agreement can be found on the Research Offices website at http://www.mtu.edu/research/references/facts-figures/.