03-P-035 KPERS Death and Disability Insurance Contributions
Posted on 10/21/2021 at 12:50 PM by Kansas Department of Administration
|DATE:||March 10, 2003|
|SUBJECT:||KPERS Death and Disability Insurance Contributions|
|EFFECTIVE DATE:||April 1, 2003|
|CONTACT:||Roger Basinger||(785) email@example.com|
|SUMMARY:||Suspension of Employer Contributions for KPERS Death and Disability Insurance for the period of April 1, 2003 to June 30, 2003|
Agencies are reminded that it is extremely important that the appropriate 'GTL' code be established in SHARP's General Deduction Data for new employees hired between March 16, 2003 and June 7, 2003, even though the agency will not be charged for KPERS Death and Disability contributions. If the appropriate 'GTL' code is not established, then imputed income, if applicable, will not be properly calculated for the new employee.
Regent institutions are reminded that the Death and Disability Insurance moratorium is for the employer paid contributions only. The moratorium does not extend to Board of Regents retirement plans members who elect to continue the Death and Disability Insurance coverage while on leave without pay under the provisions of K.S.A. 74-4927a(5). K.S.A. 74-4927a(5) specifically requires the "employee" to remit the required contribution while on leave without pay.
The Division of Accounts and Reports, Payroll Services Team will make the necessary updates to the SHARP payroll system to effect this change for all employees for whom SHARP calculates pay. Regent's institutions are responsible for ensuring that this change is made in their respective systems prior to April 1, 2003.