Kansas Department of Administration

98-P-002 Revised Fiscal Year 1998 GHI Composite Rates

DATE: August 6, 1997
SUBJECT: Revised Fiscal Year 1998 GHI Composite Rates
EFFECTIVE DATE: Pay Period Beginning August 10, 1997
CONTACT: Payroll Services (785) 296-3146  
APPROVAL: Image of approval signature.
SUMMARY: Revised FY98 GHI Composite Rates

 

The Division of Budget has approved, published and sent agency indices for the FY98 GHI Composite Rates which are different from those included in Informational Circular number 97-P-037.  Since the first four paychecks in FY98 were charged at the lower rate included in 97-P-037, a recalculation has been done for the remaining 22 pay cycles of FY98 - resulting in yet a different rate from those published by Division of Budget. The net effect of the recalculation for your agency should be the same as if the new rate had been charged for all 26 cycles.

To illustrate how the recalculation for the new rates, an example is provided below.

Full Time Employee with Employee Dental:

New Budget Rate: $84.53 x 26 cycles: 2197.78 (amt for year)
Charged per 97-P-037: $79.56 x 4 cycles: 318.24  
Yet to be collected: 1879.54  
Amt to be collected each of next 22 cycles: 85.43  

The following new composite rates will be in effect for the pay period beginning August 10, 1997 and ending August 23, paid September 5, 1997:

Group Health Insurance Employer Medical Employer Dental Total Object Code
Full-Time Single Employee $79.64 $5.79 $85.43 1950
Part-Time Single Employee $63.64 $4.62 $43.59 1950
Full-Time Employee,
Dependent Coverage
$41.14 $2.45 $43.59 1750
Part-Time Employee,
Dependent Coverage
$33.05 $2.31 $35.36 1750

SAM:JM:kb

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