Kansas Department of Administration

10-P-014 Addition of New Voluntary Tax Sheltered Annuity Company Benefit Plan Codes to Accommodate Vendor Setup in SHARP

DATE: December 11, 2009
SUBJECT:

Addition of New Voluntary Tax Sheltered Annuity Company Benefit Plan Codes to Accommodate Vendor Setup in SHARP

EFFECTIVE DATE: December 13, 2009
CONTACT:

Roger Heckerson

(785) 296-2737

Roger.Heckerson @da.ks.gov

APPROVAL: Image of approval signature.
SUMMARY:

Change to the Setup of Voluntary Tax Sheltered Annuity Company Benefit Plans in SHARP

Currently, only one Voluntary Tax Sheltered Annuity Benefit Plan (Plan Type-4Z, Benefit Plan- VTSA) is established in SHARP. Because of the implementation of the new Statewide Management, Accounting and Reporting Tool (SMART) system on July 1, 2010 new Voluntary Tax Sheltered Annuity Benefit Plans are being added in SHARP in order to accommodate required vendor configuration for each current VTSA investment option. All the new VTSA benefit plans will continue to use the same ‘VTSA’ deduction code and ‘4Z’ Plan Type. The following new VTSA benefit plans will be added in SHARP effective December 13, 2009.

Benefit Plan - Current Investment Option Description

VTS009 - ING Voluntary

VTS024 - ING

VTS025 - AIM Investment Services, Inc.

VTS057 - American United Life Ins Co

VTS059  - AIG SunAmerica Life Assurance

VTS064 - Thrivent Financial for Luthera

VTS186 - AXA Equitable Life Insurance

VTS272 - Guardian Life Ins Co of Americ

VTS321 - Ameriprise Financial Services

VTS337 - ICAP

VTS357 - John Hancock Funds, Inc.

VTS378 - Farm Bureau Life Insurance Co

VTS412 - Lincoln Benefit Life Company

VTS413 - Lincoln Investment Planning

VTS416 - Lincoln National Life Ins Co

VTS422 - Thrivent Financial for Luthera

VTS444 - Mass Mutual Life Ins Co V A

VTS446 - Metropolitan Life Insurance Co

VTS468 - Modern Woodmen of America

VTS470 - Conseco Life Insurance Company

VTS474 - Nationwide Life Insurance Co

VTS501 - New York Life Insurance Co

VTS506 - ReliaStar Life Insurance Co

VTS507 - Northwestern Mutual Life Ins C

VTS569 - Phoenix Mutual Life Ins Co

VTS584 - Prudential Ins Co of America

VTS595 - Putnam Financial Services Inc

VTS655 - Security Benefit Life Ins Co

VTS687 - MFS/Sun Life Assur of Can(USA)

VTS695 - Teachers Ins Annuity Assoc

VTS696 - Teachers Ins Annuity Assoc

VTS702  - Travelers Insurance Company

VTS710 - American Century Investments

VTS724 - The Union Central Life Ins Co

VTS728 - Variable Annuity Dept – UNUM

VTS743  - USAA Life Insurance Company

VTS769 - AIG Variable Annuity Life Ins

VTS775 - Fidelity Investments Inst Serv

VTS785 - Waddell & Reed Financial Serv

VTS792 - American General Annuity Ins

VTS821 - Pioneer Investment Mgmt Serv

VTS823 - The Vanguard Group of Inv Cos

VTS828 - PFS Investments Inc.

VTS829 - Mackay-Shields Tax Shltd An Pr

VTS830  - John Hancock Life Ins Co (USA)

VTS831 - Janus Capital Corporation

VTS834 - National Western Life Ins Co

VTS835 - Invesco Funds Group Inc

VTS838 - LIFEUSA

VTS839 - American Funds Investors

VTS842 - New England Financial

VTS843 - MetLife Investors USA Ins Co

VTS844 - First Investors Corp

For consistency of use throughout 2010, these new Benefit Plans will be effective in SHARP starting with the payroll period beginning December 13, 2009 and ending December 26, 2009, paid January 8, 2010. In order to transition the employee set up from the current Benefit Plan (VTSA) to the appropriate new Benefit Plan listed above, the Department of Administration, Division of Personnel Services (DPS) will be responsible for changing the current enrollment for affected employees on the Savings Plans table in SHARP effective December 13, 2009. DPS will establish a new row on the Savings Plans table effective December 13, 2009 using the new Benefit Plan appropriate for the Investment Option in which the employee is currently enrolled. Agencies should note that the Investment Options listed above already currently exist in SHARP under the one Benefit Plan (VTSA). Only the VTSXXX Benefit Plan codes listed above will be added new to the system.

The Division of Accounts and Reports, Payroll Systems Team is responsible for adding these new Benefit Plan codes to the SHARP payroll system. Regent’s institutions are responsible for ensuring that all these changes are made in their respective systems effective with the payroll period noted above. Regent’s institutions should also ensure that these changes are included on the Benefits Interface file that is submitted to SHARP.

KEO:NTR:ewb

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