11-P-031 Ending the Employer KPERS Death and Disability Insurance Contributions Moratorium (Supersedes 11-P-025)
June 20, 2011
Ending the Employer KPERS Death and Disability Insurance Contributions Moratorium
|EFFECTIVE DATE:||July 1, 2011|
Employer KPERS Death and Disability Insurance Contributions to Resume Starting the Pay Period Beginning June 12, 2011 and ending June 25, 2011, paid July 8, 2011
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 2011 moratorium will expire on July 1, 2011. 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 12, 2011 and ending June 25, 2011, paid July 8, 2011.
Senate Sub for HB 2014, passed in the 2011 legislative session, calls for an additional moratorium between April 1, 2012 and June 30, 2012. Another informational circular will be issued closer to the implementation date of the 2012 moratorium on April 1, 2012 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, 2011 for pay periods ending on and between April 3, 2010 and June 12, 2010 and on and between March 19, 2011 and June 11, 2011 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.