03-P-008 Revision in the Statutory Definition of "Final Average Salary" for KPERS Contributions (Supersedes 01-P-008)
Posted on 10/21/2021 at 12:50 PM by Kansas Department of Administration
|DATE:||August 7, 2002|
|SUBJECT:||Revision in the Statutory Definition of "Final Average Salary" for KPERS Contributions|
|CONTACT:||Kathy Ogle||(785) firstname.lastname@example.org|
|SUMMARY:||Revision of Statutory Definition of "Final Average Salary" for KPERS Contributions|
The SHARP payroll system automatically generates the leave payout earnings codes subject to KPERS withholding (VLN, VLP, SLP, CTP and HTP) on the employees' time and leave records. The codes are correct if the employee's KPERS membership date is prior to July 1, 1994. However, agencies are asked to change the earnings codes on time and leave records for employees whose KPERS membership date is on or after July 1, 1994. The earnings codes that should be used are the five 'No KPERS' payout earnings codes: VLT, VLK, SLK, CTK and HTK. Failure to change the timesheets to reflect the proper payout earnings codes will result in the overwithholding of KPERS deductions and payroll adjustments will be required to correct. Please refer to Attachment A for information regarding the use of these earnings codes.