08-P-013 Addition of Earnings Code 'BOL' for December Bonus

To administer the December 14, 2007 bonus, a new earnings code will be established in the SHARP system effective November 18, 2007. The following earnings code is to be used for the pay period beginning November 18, 2007 through December 1, 2007 paid December 14, 2007.

Earnings Code               Description                   Short Description         Effective Date

     BOL               Bonus-Legislature Authorized               Bonus                     11/18/2007

Programming will default the earnings code BOL with an amount of $860 (or a prorated amount based on the employee’s Full Time Equivalency [FTE]) into eligible employee timesheets for the pay period ending 12/1/07. In addition, coding is being developed to automatically calculate and default overtime differential pay due, using earnings code ‘BSO’ OT-Differential Pay 12/14/2007, for those employees who recorded overtime from 6/17/07 through 11/17/07. The default of the BOL and any applicable BSO earnings is scheduled to occur the evening of December 2, 2007.

The Division of Accounts and Reports, Payroll Systems Team, is responsible for adding this new earnings code in the SHARP system. Regents’ institutions are responsible for implementing the new earnings code in their payroll systems.

KEO:JJM:ntr