Employee benefit costs are pooled and distributed to department accounts as a percentage of salary and wage charges based on the level of benefit coverage. The endowed benefit rates and associated object codes for 2005/06 are:

For Current & Future Benefit rates  see OSP Benefits Rates.

• Full Benefit Rate - Benefit Object Code - 490X
  The rate charged to salary expenditures associated with most employees (ie. those eligible for the university's standard benefits as well as mandated coverage) Corresponding Salary Object Codes
  400X, 401X, 402X, 410X, 411X, 412X, 413X, 414X, 415X, 417X, 419X, 43XX, 44XX, 45XX, 4670, 4750
• Minimum Benefit Rate - Benefit Object Code - 495X
  The rate charged to salary expenditures associated with employees whose appointments require only mandated coverage. This category includes non-registered summer student workers.  Corresponding Salary Object Codes
  404X, 418X, 4710, 4711, 4720, 4721, 4730, 4731, 4762, 4763
• Zero Benefit Rate - Benefit Object Code - NA
  The rate charged to salary expenditures associated with employees who are generally exempt from mandated coverage (student employees during the academic year) and are not eligible for any other employee benefits.  Corresponding Salary Object Codes
  4050, 4090, 42XX, 460X, 4712, 4713, 4722, 4723, 4732, 4733, 474X, 484X,4920

Source: Accounting: System Structure and Transactions Interim Policy 3.7.