|Changes to the Payroll System for the June 2013 RG2s pay cycle:|
Supplemental Benefit Fund
Effective 1/1/2012 higher education institutions in the state of Washington must report and pay .0025 of the total higher education retirement plan salaries to the Department of Retirement Systems per ESHB 1981. A new report now generates the earnings amount based on the retirement object and subobject used on the period payroll. WSU is required to pay this fee for the next 2 years. Funding of fee has yet to be determined at WSU. Starting June RG2 the rate increases from .0025 to .0050 or ½ of one percent of the retirement earnings.
Please contact Alice Smethurst at (509) 335-1277 or email@example.com if there are any questions.