blog posts UIC: Fiscal Year 2024 Provisional Fringe Benefit Rates Aug 1, 2023 2:00 pmBuying and ContractsAccounting and BudgetingFY 24This announcement applies to the Chicago campus only.Following are the UIC fringe benefit rates for Fiscal Year 2024, commencing in July 2023, with the BW 16 and MN 8 pay periods (with the exception of Retirement, which is effective with BW 15 and MN 7). The SURS and FICA rates for FY24 are final. However, all other rates are provisional and may require slight adjustments after the federal audit is completed. The final FY24 rates will be communicated at that time. Academic and Non-Academic Fringe Benefits RatesPlease note that these rates apply to academic and non-academic employees eligible for SURS and insurance.Benefit TypeFY24 RateRetirement/Disability (SURS)12.53%*Health, Life, & Dental (HLD) Insurance21.28%**Termination Vacation/Sick (TVS) Leave1.22%**FICA (Medicare)1.45%*Workers' Compensation0.04%**Total for most academic and non-academic appointments of 50% or more36.52%** Graduate Assistant Fringe Benefits RatesPlease note that these rates apply to graduate assistants paid from sponsored funds.Benefit TypeFY24 RateHealth, Dental, and Vision (HDV)3.78%**Workers' Compensation0.04%**Total for graduate assistant appointments between 25% to 67%3.82%*** Rate for FY24 (FINAL)** Rate is subject to adjustment after federal audit (PROVISIONAL) ContactIf you have any questions about this information, please contactJennifer Otto, Senior Associate Director for System Government Costing (UIUC) at email@example.com or 217-244-4764 or Chelsa Moore, Interim Assistant Director for System Government Costing (UIC) at firstname.lastname@example.org or 312-996-3378.