18-P-004 Ending the Employer KPERS Death and Disability Insurance Contributions Moratorium (September 5, 2017)
Informational Circular No.: 18-P-004
Supersedes Informational Circular No: 16-P-022
Effective Date: Paychecks Issued On or After October 6, 2017
Contact Name: Earl Brynds
Ph: (785) 296-5376
Approval: Nancy Ruoff (Original Signature on File)
Summary: Employer KPERS Death and Disability Insurance Contributions to Resume Starting the Pay Period Beginning September 10, 2017 and ending September 23, 2017, paid October 6, 2017
House Bill 2002 section 175, passed in the 2017 legislative session, extended the suspension of employer contributions for KPERS Death and Disability Insurance through the first 6 pay periods of fiscal year 2018. The 2017 moratorium will expire with pay period ending September 23, 2017. As a result, the Office of the Chief Financial Officer, Payroll Services will resume collecting and remitting the employer portion of KPERS Death and Disability insurance contributions starting with the pay period beginning September 10, 2017 and ending September 23, 2017, paid October 6, 2017.
The KPERS Death and Disability contributions for off-cycle payrolls are calculated based on pay period end dates, so paycheck adjustments processed after October 1, 2017 for pay periods ending on and between April 3, 2010 and June 12, 2010, on and between March 19, 2011 and June 11, 2011, on and between March 31, 2012 and June 9, 2012, on and between March 30, 2013 and June 8, 2013 and on and between March 12, 2016 and September 9, 2017 will continue to NOT have the contributions collected and remitted.
The Office of the Chief Financial Officer, 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.
Printable Version of 18-P-004