Due to the changes in the Fair Labor Standards Act regulation, we wanted to provide guidance regarding budgeting postdocs who are currently below the $47,476 salary rate since most of the proposals submitted at this time would not be funded until after December 1, 2016. This guidance is for budget development purposes only and does not provide any indication of how the FLSA regulation may be implemented at UT Knoxville since those details are still being discussed.
At this time, we recommend for any individuals in a postdoc position who are currently paid under the FLSA salary threshold of $47,476 to budget the base salary for these individuals at $47,476 and use a 51% rate for their fringe benefit calculation. This guidance should also be used for any postdoc positions where the individual has not been identified on the proposal budget.
If you have any questions regarding this proposal budget guidance, please contact the Office of Sponsored Programs at 974-3466.