Informational Circular No.: 15-p-024
Supersedes Informational Circular No: 14-P-018
Effective Date: Pay Period Beginning January 4, 2015; Ending January 17, 2015; Paid January 30, 2015
Contact Name: Nancy Ruoff
Ph: (785) 296-2853
Approval: Nancy Ruoff (Original Signature on File)
Summary: New KPERS Employee Contribution Rate for Tier 1 Members
Pursuant to Sub House Bill (HB) 2333 passed in the 2012 legislature, the KPERS employee contribution rate for Tier 1 members will increase from the current 5% of such member’s compensation to 6% beginning January 1, 2015. The new contribution rate of 6% will be deducted from Tier 1 member’s pay effective with the payroll period beginning January 4, 2015 and ending January 17, 2015, paid January 30, 2015. This rate increase also includes Tier 1 correctional and legislative employees.
The Office of Systems Management, Payroll Systems Team will make the necessary updates to the SHARP payroll system to reflect these changes in employee contribution rates. Regent institutions are responsible for ensuring these rate changes are reflected in their individual systems.
Printable Version of 15-P-024