Vacation Accrual Rates Reduction

By Bobbi McCracken (Associate Vice Chancellor for Financial Services and Controller) |
Riverside, Ca –
As part of our annual review process, Accounting and RPB are pleased to announce the vacation accrual assessment rates have decreased effective October 2014. A table with the new vacation accrual rates by leave code and category is provided below. Recall that the vacation accrual rates are based on the estimated current fiscal year vacation liability and terminal vacation payout funding requirements for our campus.

Please direct questions to Gabe Nwandu.

Effective 10/2014 (old factors in parenthesis were effective 07/2012)

LEAVE CODE NO UCRP UCRP WITHOUT FICA UCRP WITH FICA SAFETY MEMBERS
A & G (STAFF) .0551 (.0612) .0739 (.0954) .0779 (.0998) .0779 (.0998)
B & H (STAFF) .0661 (.0734) .0887 (.1144) .0935 (.1197) .0935 (.1197)
C & J (STAFF) .0772 (.0858) .1035 (.1336) .1091 (.1398) .1091 (.1398)
D & K (STAFF) .0882 (.0980) .1183 (.1526) .1247 (.1597) .1247 (.1597)
D & E (ACADEMIC) .0588 (.0980) .0789 (.1526) .0831 (.1597) N/A