01-P-001 Changes to SHARP Savings Bond Process
Posted on October 21, 2021 at 12:50 PM by Kansas Department of Administration
|DATE:||July 5, 2000|
|SUBJECT:||Changes to SHARP Savings Bond Process|
|EFFECTIVE DATE:||July 1, 2000|
|CONTACT:||Roger Basinger||(785) email@example.com|
|SUMMARY:||Changes to SHARP Savings Bond Process|
Transactions will be written to the Savings Bond Activity Log showing the transfer of balances from the old bond combination to the new bond combination. If the employee does not want the balance transferred forward to the new bond combination to be used towards the purchase of a bond, agency personnel can request a refund through the regular refund process.
Because of these changes to this process, changes to the bond specification records should not be future-dated further than two weeks.
For Regent Institutions, this process will be triggered automatically when changes are made to the Bond Specification Records through the Regents Benefits Interface.