Benefits Accounting
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Standard Benefit Rate
In 1998, the University established a standard benefit rate mechanism whereby the employer benefit costs are accumulated centrally and charged back to divisions, research grants and ancillary operations through a standard benefit rate (SBR).
The SBR is calculated as a percentage of salary, based on actual employer benefits costs (which includes, legislative benefits, pension plan current service contributions, and other healthcare related benefits).
The table below shows the progression of the SBR:
| Year | Appointed Staff Rates | Non-appointed Staff Rates |
|---|---|---|
| 2024-25 | 24.50%* | 10.25% |
| 2023-24 | 24.50% * | 10.25% |
| 2022-23 | 24.50% * | 10.00% |
| 2021-22 | 23.50% * | 10.00% |
| 2020-21 | 23.50% * | 10.00% |
| 2019-20 | 24.00% * | 10.00% |
| 2018-19 | 24.00% * | 10.00% |
| 2017-18 | 24.00% * | 10.00% |
| 2016-17 | 24.75% * | 10.00% |
| 2015-16 | 24.75% * | 10.00% |
| 2014-15 | 24.75% * | 10.00% |
| 2013-14 | 24.75% * | 10.00% |
| 2012-13 | 24.75% * | 10.00% |
| 2011-12 | 24.25% * | 10.00% |
| 2010-11 | 23.75% * | 10.00% |
| 2009-10 | 22.50% * | 10.00% |
| 2008-09 | 22.50% * | 10.00% |
| 2007-08 | 22.50% * | 10.00% |
| 2006-07 | 22.50% * | 10.00% |
| 2005-06 | 22.25% * | 10.00% |
| 2004-05 | 20.75% * | 9.75% |
| 2003-04 | 19.50% | 9.50% |
| 2002-03 | 19.50% | 9.50% |
| 2001-02 | 19.50% | 9.50% |
| 2000-01 | 18.75% | 9.50% |
| 1999-00 | 18.25% | 8.25% |
| 1998-99 | 18.25% | 8.25% |
* These rates do not include the University’s special payments for Pension plan and SRA deficits
Contacts
Below please find a list of contacts in Benefits Accounting. The email addresses can be found by clicking on the staff member’s name.
| Senior Financial Analyst | 416-978-6923 |
For detailed information about specific benefit plans for all faculty and staff refer to the Benefits and Pensions page of the The Division of People, Strategy, Equity & Culture site.