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Clemson University

FY2007 Pooled Fringe Implementation

4/06

Pooled Fringe Groups(by benefit program code; based on benefit eligibility) 9 Month = 23.7%

9M0 (9 Month Faculty)

12 Month = 29.2% FED (Federal Employees) GST (Temporary Grant Employees) STA (12 Month Faculty and Staff)

Part Time/Temporary = 14.9% RRR (Returning Retirees) TLR (Permanent Part Time) TMP (Temporary Employee)

Students = 2.9% NEL (Undergraduate Student) GRD (Graduate Student)

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Pooled Fringe Includes

5201/5202 FICA 5203/5204/5205 Retirement 5207 Health/Life/Long-Term

Disability Ins 5208 Unemployment Tax 5209 Workers Compensation 5210 Dental Insurance

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FY07 Fringe Accounts

5220 Pooled Fringes 9 Mo Emp 5221 Pooled Fringes 12 Mo Emp 5222 Pooled Fringes PT/Temp 5223 Pooled Fringes Students

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FY06 Year End Accrual

Accrual is a 10/90 split 10% of salary and detail fringed will be

posted to the old year (FY2006) Fringe will be calculated on 90% of salary

and posted to the new year (FY2007) along with the remaining 90% of salary

Business Officers will receive the customary spreadsheets to review account numbers

All other rules as stated in the customary letter will still apply

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FY07 Payroll

University month end reports will indicate the new pooled fringe account numbers

View Paycheck in MyCLE will remain the same

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FY07 Departmental Voids and Refunds

Effective 7/1/06 departmental fringe voids and refunds will no longer be processed to ledger; these are incorporated into the annual calculation

Detail will remain as before in the payroll system

Salaries will be credited back to departmental budgets

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FY07 Payroll Corrections

Web application will not change All FY06 corrections must be

entered and approved BEFORE 7/17/06

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Miscellaneous Points

The appropriate pooled fringe percentage will be consistently applied regardless of the individual employee’s benefit elections

Existing detailed fringe accounts (5201, 5202, etc.) will be closed at FY06 year end

The use of the web application for payroll corrections is HIGHLY encouraged