blog posts UIC: FY23 Provisional Fringe Benefit Rates Aug 4, 2022 2:30 pmBuying and ContractsAccounting and BudgetingFY 23This announcement applies to the Chicago campus only. Please distribute this information to those in your unit who work with fringe benefit rates. Following are the UIC fringe benefit rates for Fiscal Year 2023, commencing in July 2022 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 FY23 are final. However, all other rates are provisional and may require slight adjustment after the federal audit is completed. The final FY23 rates will be communicated at that time. Academic and Non-Academic Fringe Benefits Rates Please note that these rates are applicable to academic and non-academic employees eligible for SURS and insurance. Benefit Type FY23 Rate Retirement/Disability (SURS) 12.83%* Health, Life, & Dental (HLD) Insurance 19.08%** Termination Vacation/Sick (TVS) Leave 1.07%** FICA (Medicare) 1.45%* Workers' Compensation 0.07%** Total for most academic and non-academic appointments of 50% or more 34.50%** Graduate Assistant Fringe Benefits Rates Please note that these rates are applicable to graduate assistants paid from sponsored funds. Benefit Type FY23 Rate Health, Dental and Vision (HDV) 3.46%** Workers' Compensation 0.07%** Total for graduate assistant appointments between 25% to 67% 3.53%** * Actual rate for FY23 (FINAL)** Rate is subject to adjustment after federal audit (PROVISIONAL) Contact If you have any questions about this information, please contact Maureen Johnson, Associate Director for University Government Costing at email@example.com or 312-996-4045.