|DATE:||September 17, 2001|
|SUBJECT:||New Payroll Deduction Codes for Parking - Signature Building Garage - Kansas Department of Commerce and Housing|
|EFFECTIVE DATE:||Payroll Period Beginning September 30, 2001 and Ending October 13, 2001, Paid October 26, 2001|
|CONTACT:||Roger Basinger||(785) 296-5387||(firstname.lastname@example.org)|
|SUMMARY:||Addition of New Parking Deduction Codes PPKT10, PKT10B, and PKAD07|
To facilitate the collection of parking fees for the Signature Building Garage for employees of the Kansas Department of Commerce and Housing, payroll deduction codes PPKT10 (pre-tax parking) and PKT10B (after-tax parking) have been added to SHARP effective September 30, 2001. The employee deduction will be $10.38 per bi-weekly payroll period. The employer rate, payroll deduction code PKAD07 (which was also added), will be $0.79 (.0765 X $10.38) per payroll period.
The Division of Accounts and Reports, Payroll Systems 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 individual systems.