|DATE:||July 20, 2007|
|SUBJECT:||Fiscal Year 2008 Unemployment Compensation Insurance Contribution Rate Correction|
|EFFECTIVE DATE:||July 1, 2007|
|CONTACT:||Kathy Ogle||(785) 296-2290||Kathy.Ogle@da.ks.gov|
|SUMMARY:||Fiscal Year 2008 Unemployment Compensation Insurance Contribution Rate Correction|
Informational Circular 07-P-032, dated June 18, 2007, reported the fiscal year 2008 Unemployment Compensation Insurance (UCI) rate for the State of Kansas as 0.13%. The correct rate is 0.10% and is effective July 1, 2007.
The Division of Accounts and Reports, Payroll Systems Team, is responsible for updating the SHARP payroll system to effect this change for all employees for whom SHARP calculates pay. SHARP agencies do not need to initiate paycheck adjustments to correct the erroneous UCI contributions withheld for the first two payroll periods of FY08. The UCI contributions will ‘self-adjust’ on the next paycheck calculated by SHARP for the employee.
Regents’ Institutions are responsible for ensuring that this change is made in their individual systems.