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	Federal11.01%	Pooled Offset/IFR Fringe Assessment20.09%
Group Health Ins.	Federal40.30%	Pooled Offset/IFR Fringe Assessment33.68%
Social Security	Federal5.43%	Pooled Offset/IFR Fringe Assessment5.59%
Dental Insurance	Federal0.21%	Pooled Offset/IFR Fringe Assessment0.39%
NYS Unemployment Ins.	Federal0.08%	Pooled Offset/IFR Fringe Assessment0.03%
Survivors' Benefits	Federal0.07%	Pooled Offset/IFR Fringe Assessment0.06%
Worker's Comp.	Federal5.47%	Pooled Offset/IFR Fringe Assessment3.09%
Employee Benefit Fund	Federal0.82%	Pooled Offset/IFR Fringe Assessment0.97%
Vision Benefits	Federal0.04%	Pooled Offset/IFR Fringe Assessment0.05%
Total Fringe Benefit	Federal63.43%	Pooled Offset/IFR Fringe Assessment63.95%

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.

Fringe benefits will continue to be assessed on expenditures. The IFR overhead assessement will be charged on the revenue prior to any fringe benefit charges. As the revenue is deposited to your account, the assessment will be charged. This charge is a direct reduction to your account's cash balance. It DOES NOT affect your account's allocation.