Published February 19, 2024, via Research News
The National Institutes of Health (NIH) has increased the Salary Cap to $221,900 (Executive Level II). This new cap rate has an effective date of Monday, January 1, 2024, and it applies to competing and non-competing awards. Find the full text for this notice NOT-OD-24-057 here.
Effective Monday, February 19, 2024, Workday will apply the new $221,900 (Level II) rate. Here’s the link for the Salary Cap Calculator Worksheet. Note: you can manually modify the salary cap rate based upon the applicable effective date via cell A13 in the worksheet.
Effective Monday, February 19, 2024 (after COB), the NIH salary cap edits in RMS will be updated to the $221,900 rate.
Sponsored Projects Accounting (SPA) will be revising the NIH Salary Cap Policies and Procedures, and that document will be posted to the SPA website soon.
If you have any questions regarding this issue, please contact Joe at (314)-935-7089 or jgindhart@wustl.edu.
Joe Gindhart
Associate Vice Chancellor for Finance and Sponsored Projects