|Changes to the Payroll System for the May 2009 RG1 pay cycle:|
Summer Medical/Life Insurance Coverage:The May first half paycycle is traditionally the last paycycle of the academic year and in order to ensure continuous medical, dental and life insurance coverage for the months of June, July and August, additional premiums were withheld from the paycheck for May 22. This process affects 1,098 employees this period and they will receive a message on their earnings statement or paycheck reminding them of this process. Questions about the amount of premium deductions should be directed to Shirley Cornelius at firstname.lastname@example.org or 335-5489.
Work Study Limits:Spring work study limits and balances will be removed after this payroll calculation so that the summer amounts can be applied.
New earnings type “VER” was added this period for the employees who opted for the voluntary early retirement plan. A new payroll deduction called “VERI” offsets the earnings paid so the value is routed to the Trust Administrator. The one-time payment of $18,000.00 is not subject to federal income taxes, social security or medicare taxes. The payment is listed as object/subobject 01-AX in Balances.
Please contact Alice Smethurst at (509) 335-1277 or email@example.com if there are any questions.