10-P-008 Ending the Employer KPERS Death and Disability Insurance Contributions Moratorium (Supersedes 09-P-038)
|DATE:||November 13 , 2009|
Ending the Employer KPERS Death and Disability Insurance Contributions Moratorium
|EFFECTIVE DATE:||November 30 , 2009|
Employer KPERS Death and Disability Insurance Contributions to Resume Starting the Pay Period Beginning November 15, 2009 and ending November 28, 2009, paid December 11, 2009
SB219, Section (4)(A), passed in the 2009 legislative session, that extended the suspension of employer contributions for KPERS Death and Disability Insurance will expire on November 30, 2009. As a result, the Division of Accounts and Reports will resume collecting and remitting the employer portion of KPERS Death and Disability insurance contributions starting with the pay period beginning November 15, 2009 and ending November 28, 2009, paid December 11, 2009.
The KPERS Death and Disability contributions for off-cycle payrolls are calculated based on pay period end dates, so paycheck adjustments processed on or after November 30, 2009 for pay periods ending on and between February 21, 2009 and November 14, 2009 will continue to NOT have the contributions collected and remitted.
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 respective systems effective with the payroll periods noted above.