Announcement: Update to Federal Work Study Overflow Fringe Expense
The fringe expense for Federal Work Study (FWS) overflow earnings was not configured in Workday to apply the 2% fringe rate since the rate was implemented. As a result, the 2% fringe rate was not being calculated on the earnings exceeding their award amount. Moving forward, the 2% fringe expense will be applied only to the portion of earnings that exceed the FWS award amount. These expenses will be charged to the default organizational assignments Worktags. Note: This will not impact FD725-Federal Work Study.
Feb 26