10-P-030 Ending the Employer KPERS Death and Disability Insurance Contributions Moratorium (Supersedes 10-P-023)
|DATE:||June 22, 2010|
Ending the Employer KPERS Death and Disability Insurance Contributions Moratorium
|EFFECTIVE DATE:||July1, 2010|
Employer KPERS Death and Disability Insurance Contributions to Resume Starting the Pay Period Beginning June 13, 2010 and ending June 26, 2010, paid July 9, 2010
S Sub for HB 2219, passed in the 2010 legislative session, suspended employer contributions for KPERS Death and Disability Insurance beginning April 1, 2010 until June 30, 2010, and then again from April 1, 2011 to June 30, 2011. The 2010 moratorium will expire on July 1, 2010. As a result, the Division of Accounts and Reports will resume collecting and remitting the employer portion of KPERS Death and Disability insurance contributions starting with the pay period beginning June 13, 2010 and ending June 26, 2010, paid July 9, 2010.
Another informational circular will be issued closer to the implementation date of the 2011 moratorium on April 1, 2011 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, 2010 for pay periods ending on and between April 3, 2010 and June 12, 2010 will continue to NOT have the contributions collected and remitted.
The Division of Accounts and Reports, 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.