Fringe Benefit costs are those that are incurred for providing employees with allowances and services in addition to regular salaries and wages. Examples of fringe benefits are health insurance, retirement, tuition remission, and workman’s compensation and unemployment. Cost Analysis annually calculates fringe benefit rates for benefit eligible and benefit ineligible employee categories. The Federal benefit eligible and ineligible rate proposal is submitted to the University’s cognizant Federal agency, the Department of Health and Human Services. Using the University's Proposal as a starting point, the University and DHHS eventually arrive at a negotiated rate agreement.
The University of Chicago