Fringe Benefits Pool
In 2009, the University of Florida implemented a new process for charging employee fringe benefits costs to departments. The Federal Office of Management and Budget allows universities to use an allocation method that applies fixed rates based on employee groups. This is known as a “pooled fringe rate.”
Among other reasons for its introduction, the use of a “fringe benefits pool” simplifies and improves the preparation and administration of budgets, including those associated with the grant proposal budget process.
Please note that the pooled rates have no impact on the cost of the benefits to employees.