12-P-030 Ending the Employer KPERS Death and Disability Insurance Contributions Moratorium (Supersedes 12-P-023)
|DATE:||June 15, 2012|
|SUBJECT:||Ending the Employer KPERS Death and Disability Insurance Contributions Moratorium|
|EFFECTIVE DATE:||July 1, 2012|
(Original Signature on File)
Employer KPERS Death and Disability Insurance Contributions to Resume Starting the Pay Period Beginning June 10, 2012 and ending June 23, 2012, paid July 6, 2012
Senate Sub for HB 2014, passed in the 2011 legislative session, suspended employer contributions for KPERS Death and Disability Insurance beginning April 1, 2012 until June 30, 2012. The 2012 moratorium will expire on July 1, 2012. As a result, the Office of General Services, Payroll Services will resume collecting and remitting the employer portion of KPERS Death and Disability insurance contributions starting with the pay period beginning June 10, 2012 and ending June 23, 2012, paid July 6, 2012.
House Sub for SB 294, passed in the 2012 legislative session, calls for an additional moratorium between April 1, 2013 and June 30, 2013. Another informational circular will be issued closer to the implementation date of the 2013 moratorium on April 1, 2013 to remind agencies to suspend employer KPERS Death and Disability Insurance contributions.
The KPERS Death and Disability contributions for off-cycle payrolls are calculated based on pay period end dates, so paycheck adjustments processed after July 1, 2012 for pay periods ending on and between April 3, 2010 and June 12, 2010, on and between March 19, 2011 and June 11, 2011 and on and between March 31, 2012 and June 9, 2012 will continue to NOT have the contributions collected and remitted.
The Office of General Services, 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.