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OFFICE OF THE VICE CHANCELLOR & CHIEF FINANCIAL OFFICER June 4, 2019
UC San Diego is taking all necessary steps to prepare for a UC-wide transition to a new rate structure for personnel benefits that locally will be effective for budgeting purposes starting July 1, 2019. These new rates, Composite Benefit Rates (CBRs), are a part of UC Path, a unified UC-wide payroll system. The CBRs cover the employer share of fringe benefits costs, and represent pooled rates set as a percentage of eligible salary. While the distribution of university and contract and grant personnel benefit costs are changing, the transition to CBRs does not affect the mechanism by which individual employees pay for their benefits or the amount that individual employees pay. As communicated earlier this year, and as part of the 2019/20 campus budget development, departments have already incorporated the CBR rates in their planning budgets effective July 1, 2019. Now is the time for investigators to begin incorporating the new rates in all sponsored research proposal budgets. The link to planning CBRs and other information is provided at the end of this notice. The transition to budgeting, and subsequent charging, with CBRs will streamline?and standardize fringe benefits budgeting as well as eliminate the significant financial variability that now exists between budgeted rates and actual charges. CBRs will also provide a simplified and predictable method for multi-year budgeting across all contract and grant budgets.
Sponsored Research Proposal Budgets:
If you have any questions, please refer to
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