When it is necessary to move Operating Expenses & Equipment (OE&E) budget into Salary & Wages (S&W), a percent of the salary dollar increase is required for staff benefits. For fiscal year 2008/09, this percentage has been determined to be 34.5% (20% for interpreters).
This percent matching of staff benefits is moved to the University-wide staff benefits pool, permanently reducing your department’s base budget.
If it is necessary to contribute funding to the University-wide staff benefits pool as a result of establishing multiple new positions that will not be filled for 5 months or more, contact the University Budget Office for consideration to have the matching staff benefits returned to your budget for the period that the new positions are estimated to remain vacant (during recruitment, etc.)
If, after fully funding all permanent positions, there is an excess budget in S&W, this excess budgeted amount may be permanently transferred into your OE&E budget. At that time, the same percent of matching staff benefits (34.5%) would be added back to your OE&E budget, permanently increasing the department’s base budget.
Certain categories of S&W (Temp Help, Student Assistants, Graduate Assistants) receive minimal or no staff benefits. Transfers of budgets into and out of these S&W accounts are exempt from the staff benefit matching policy.
Refer to Vacant Positions for more information.
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