Sent to the AFS-Update Mailing List on Nov. 13, 2018
UCI will be transitioning to a new Composite Benefit Rate (CBR) structure for distributing UC-paid benefits costs when the campus goes live with UCPath (scheduled for March 2019). Employee paid benefits are not affected by CBR. CBR provides a simpler, more predictable means to manage departmental employee fringe benefit costs. Based on employee groupings, employer paid benefits will be pooled and charged CBR as a percent of salary to eligible components of pay rather than the multiple benefit charges assessed today. Please refer to UCPath Composite Benefit Rate page for more detailed information.
The Budget Office will be holding campus-wide Open Forums for faculty and staff who manage accounts and grants with payroll activity to learn more about CBR. The first session will be held on Monday, Dec. 3. If you would like to attend, you must register via this link. Additional sessions will be held in January and February.