Rates

Indirect

• New rates effective 9/3/15 - cost rate agreement
• Indirect costs for on-campus activities: 64.4% of total salary and wages
• Indirect costs for off-campus activities: 31.8% of total salary and wages

Benefits

• Benefits rate for faculty summer salary: 9%
• Benefits rate for student summer payroll: 9%
• Benefits rate for student AY payroll and student stipends: 0%
• Benefits rate for part-time employees who are eligible for retirement contributions 14%
• Federal benefits rate for faculty academic year and exempt staff salary: 28.5%
• Foundation benefits rate for faculty academic year and exempt staff salary: 33.5%

Standard inflation rate for Faculty and exempt salaries: 2% per year

Hiring Students

• Summer Housing cost:
• 8 Weeks - single $966/double $750
• 10 Weeks - single $1,209/double $937
• 12 Weeks - single $1,449/double $1,125
• Summer Stipend/student = $380 per week
• Payroll rates for Student Employment - should be budgeted according to current Student Employment Wage Structure*
• Summer Research Students: How to Determine Fellowship vs. Employment

Resources for proposal writing can be found here

*and inflated according to new Massachusetts Minimum wage rates