About CFBR

UCF implemented a new cost allocation process for charging employee fringe benefit costs university-wide starting with fiscal year 2018. This cost allocation process charges fringe benefits to departments and projects based on a set of fixed rates that will be applied to the gross salary expenses of defined employee groups. This new process is known as a composite fringe benefit rate (CFBR) or “pooled fringe rate” cost allocation method.

There are various advantages to this new methodology.  The use of a fringe benefits pool simplifies and improves the preparation and administration of budgets, including those associated with the grant proposal budget process.

Fringe Pool Methodology

All employees have certain fringe benefits that are associated with their employment appointments. The composite fringe benefit rate is an average of all eligible benefits costs applicable to the university’s various employee groups which are listed below:

• Faculty
• COM Clinical Faculty
• Administrative & Professional (A&P)
• Executive Service
• University Support Personnel System (USPS)
• Post-doctoral associates
• OPS adjunct and non-students
• OPS Students (Undergraduate & Graduate students, GRAs and GTAs)

Fringe benefits are budgeted and expensed as a percentage of actual salary or wage costs.  Fringe charge rates will be analyzed and updated annually prior to the beginning of the budget cycle.  The rates will be increased or decreased to reflect changes in the university’s actual benefits costs.

Fringe benefits included in the composite fringe benefit rate are listed below:

• Health
• FICA
• Retirement
• Life Insurance
• Disability Insurance
• Workers compensation
• Termination Leave Payouts¹ and related fringe
• Unemployment compensation

¹ Termination payouts include sick and annual leave payouts.  Leave payouts due to a change in employment contract will also be covered by the fringe benefit pool.