The Office of the State Comptroller (OSC) and the Division of Budget analyzes the
actual fringe benefit costs on an annual basis. After the rate is computed, OSC notifies
all state agencies of the rate specific to a fiscal year and agency.
The 2024/25 rate for Federal is 63.43% and the Pooled Offset/IFR Fringe Assessment
rate is 63.95%. The components for the 2024/25 rate are as follows:
| |
Federal |
Pooled Offset/IFR Fringe Assessment |
| Retirement |
11.01% |
20.09% |
| Group Health Ins. |
40.30% |
33.68% |
| Social Security |
5.43% |
5.59% |
| Dental Insurance |
0.21% |
0.39% |
| NYS Unemployment Ins. |
0.08% |
0.03% |
| Survivors' Benefits |
0.07% |
0.06% |
| Worker's Comp. |
5.47% |
3.09% |
| Employee Benefit Fund |
0.82% |
0.97% |
| Vision Benefits |
0.04% |
0.05% |
| Total Fringe Benefit |
63.43% |
63.95% |
Projected Fringe Benefit Rates by State Fiscal Year
2024/25 SUTRA rate is 29.70%
IFR Overhead assessments rate is 15.00%
Revenue is the basis for charging IFR Overhead assessments, not expenditures.
