Awards that were proposed
before August 10, 2018 may be eligible for fringe mitigation if needed. At least 4% of salary/wages charged as fringe will be removed from eligible accounts. This mitigation will be managed in one of two ways depending on when the charges post to the account:
September 1, 2018 – March 31, 2019 Fringe Overdrafts
A one-time journal voucher for the period will remove fringe equal to 4% of salaries/wages (prior fringe expenses will not be moved off any 26- account that is already closed).
April 1, 2019 – August 31, 2024 Fringe Overdrafts
Fringe will be charged to the grant at the pooled rate, and then fringe equal to 4% of salary/wages will be moved off. All 26- accounts will be monitored and additional mitigation will be applied as-needed.