Proposed Employee Related Expense Rates for FY 2023-2024

Wed, 01/11/2023 - 12:34 pm

The University of Arizona is committed to providing employees with important benefits such as health insurance, retirement plans, worker’s compensation, liability insurance, and more. These benefits enable us to maintain a competitive position in the workforce and among higher education institutions. Maintaining stable rates for these expenses is challenging, given increased costs and employment changes.

Below are the proposed Employee Related Expense (ERE) rates for FY 2023-2024. These rates have been submitted to the University’s Federal cognizant agency, Department of Health and Human Services and Cost Allocation Services for approval. While we await approval, the rates may be used in budgeting for FY 2023-2024. In addition, these rates may be used for internal planning purposes, but may not be used for sponsored proposal submissions until they are approved.

Please remember that rates will fluctuate from year to year, and any potential savings in one year should not be expected in future years. We will continue to evaluate the ERE rates pool structure, as well as other variables for future rate development, to ensure the method utilized is efficient and effective.

Proposed Employee Related Expenses

ERE Group FY 2022-2023
Final Rates
FY 2023-2024
Proposed Rates
Percentage
Point Change
Employee Full-Benefit 31.9% 32.0% 0.1
Ancillary Employees 17.6% 17.1% -0.5
Student Employees 2.0% 2.0% 0.0
Graduate Assistants 13.0% 13.2% 0.2

For questions about the proposed FY 2023-2024 rates, please contact Stacey Lemos at 520-621-0690 or sslemos@arizona.edu.