05-P-033 Fiscal Year 2006 Payroll Contribution Rates (Supersedes 04-P-034)
Posted on October 21, 2021 at 12:50 PM by Kansas Department of Administration
|DATE:||June 17, 2005|
|SUBJECT:||Fiscal Year 2006 Payroll Contribution Rates|
|EFFECTIVE DATE:||Pay Period Beginning June 5, 2005; Ending June 18, 2005; Paid July 1, 2005|
|ACONTACT:||Kathy Ogle||(785) 296-2290||Kathy.Ogle@da.state.ks.us|
|SUMMARY:||Fiscal Year 2006-Employee/Employer Matching Share of Payroll Contributions and Retirement Plans|
In FY2006, the employer's contribution to KPERS Death and Disability Insurance increases to 0.80% (except for retirement codes J1, J2, J3 which are .4%). Agencies are reminded of the moratoriums for KPERS Death and Disability Insurance contribution that were in place for payroll periods with an original check date 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. Since SHARP uses pay period end dates to determine if the KPERS Death and Disability Insurance contribution is taken, no contribution will be taken for paycheck adjustment 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 made 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 2006.