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Please explain in detail what is meant by "fringe benefits". Does this mean the social security that the university pays to the government for hiring a person? Or does this social security belong to the "salary"? (I am an international co-PI).

asked 5 years ago in Budget by admin

1 Answer

Fringe benefits include employment benefits (such as compensated leave costs, insurance, retirement benefits, social security, etc.) granted by an employer that has monetary value, but does not affect basic wage rates or salary. Fringe benefits are allowable as a direct cost (if not included as an indirect cost) in proportion to the salary charged to the grant, to the extent that such payments are made under formally established and consistently applied organizational policies.
answered 5 years ago by admin

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