04-P-034 Fiscal Year 2005 Payroll Contribution Rates (Supersedes 03-p-049)

The moratorium on employer's contributions to KPERS' Death and Disability Insurance ceases at the end of FY04. Therefore, the Division of Accounts and Reports will resume collecting the contributions with the on-cycle payroll period beginning June 6, 2004, ending June 19, 2004 and paid July 2, 2004. Please note, the moratorium of employer's contributions to KPERS' Death and Disability Insurance was in place for payroll periods with original check dates between April 1, 2000 and December 31, 2001; between July 1, 2002 and December 31, 2002; and between April 1, 2003 and June 30, 2004. Agencies are reminded that SHARP off-cycle payrolls use payroll period end dates to determine if the contributions for KPERS' Death and Disability Insurance should be taken. Therefore, no contributions will be taken for paycheck adjustments with payroll period end dates that contain an original check date within the moratorium period.

The Division of Accounts and Reports' Payroll Systems Team will update the SHARP system to reflect the changes in employer's contribution rates. Regents' institutions are responsible for ensuring the changes in rates are performed in their individual systems. Regents' institutions are also responsible for ensuring that the STARS' funding file and DA175/176 impact the correct fiscal year expenditures, and that all appropriate payroll clearing fund indexes are established for fiscal year 2005.

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