CSU Operating Fund Benefits Budgets
The University maintains a centralized staff benefits pool. Once a month, after actual salary and benefit expenses are posted to the ledger, the University Budget Office runs a process that allocates to each Dept ID a budget equal to their benefits expenditure for the month. This process is completed prior to month-end close.
When changes are made to salary budgets funded with the CSU Operating Fund, adjustments are also made to the University Benefits Pool. The actions that cause adjustments to the University Benefits Pool are described in detail below. Adjustments are based on the benefits rates shown below.
The 2013/14 budgeted benefits rate for Temporary Faculty is 27%.
The budgeted benefits rate for fiscal year 2012/13 is 41%. For fiscal year 2013/14, the rate will be 42%.