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Announcements:

July 1, 2014:

FY15 Fringe Rate Letter, signed 6/27/14

Our FY15 Fringe Benefit Rate Letter has been signed and is in effect beginning with PP15-01. The letter is available on Cost's website, http://www.cost.umaryland.edu/fringebenefitrates.cfm.

Please contact Linda Ward, Manager Costing & Compliance, with any questions.

July 1, 2014:

Updated Direct Retro Form

The Direct Retro form has been adjusted to include the FY15 fringe rates. The form will continue to automatically calculate fringes using the appropriate rate based on the data you enter for the pay periods and wage accounts to be affected.

Direct retro forms are available on Cost's website, http://www.cost.umaryland.edu/directretroforms.cfm.

Please contact Effort Help (effort@af.umaryland.edu or 6.2987) with any questions regarding the direct retro form.

June 16, 2014:

FY15 Fringe Benefit Rate Announcement

June 5, 2014:

The deadline for submitting direct retros to be processed in FY14 is Friday, June 27 at 2pm. Please consider the following in your year- end work plan:

  • The deadline above is your last opportunity to process direct retros affecting Physician Services Contract wages (projects with PCBU = 00198).
  • Retroactive EFP changes cannot be processed in the same cycle as a direct retro.
  • Costing & Compliance will have until 6pm on July 1 to process all direct retros received by the deadline above.

August 19, 2013:

The FY13 and forward direct retro form has been updated to include both FY13 and FY14 fringe benefit rates. The form will select the appropriate year's rate based on the pay period you enter on the form.

June 12, 2013:

FY14 Fringe Benefit Accounting Presentation 6/12/13

January 10, 2013:

Updated procedure for submitting Direct Retros to Cost Analysis.