![]() ![]() If he works 25% on this project, the salary charged is $42,000 *. $48,000 for 12 months less 1.5 months of vacation time = $48,000 - $6,000 = $42,000 base amount to which effort on sponsored projects should be applied. Under MIT policy, he is eligible for 6 weeks of vacation each year. His annual salary rate is $48,000, and he holds a 12-month appointment ($4,000 per month). Williams is a research staff member who will dedicate 25% of his effort to this project. Add 10.5% to the current employee benefit rate when calculating the budget to the sponsor.ĭr. Assuming a vacation accrual rate of 10.5%, the vacation accrual charge to the project is $55,000*.105 = $5,775. Nelson will charge 100% time to a project for a year, or $55,000. Nelson is provided one month of vacation time under MIT policy, so the maximum amount of effort to be charged to a project per year is 11 months (12 months minus one vacation month, or $55,000 annually.įor each of the staff, apply the vacation accrual rate to the effort being directly charged to the project.ĭr. Nelson's annual salary rate is $60,000 per year ($5,000 per month).ĭr. This applies to either percentage of effort or person months effort calculations.ĭr. When budgeting staff on an effort basis, reduce the total projected salary/effort for the individual by the projected vacation salary/effort before applying the proposed effort. When postdocs, research staff, sponsored research staff, project staff and hourly staff report vacation time, the grant is reimbursed for the vacation time from MIT’s vacation accrual pool.
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