| PIP PROCESSING INFORMATION: |
| Processing Responsibility: |
- Employees at or above the SSI maximum – Campus
- Employees who reached the SSI maximum without receiving the full 1.0% SSI:
- PPSD for those already processed (by either PPSD or the campus) from July 2007 – January 2008
- PPSD going forward for those with an established anniversary date February 2008 – June 2008
- Campus when the campus establishes a new anniversary date after PPSD has processed SSIs for that pay period.
- No other employees shall qualify for receiving both a bonus and the SSI increase.
|
| Processing Date(s): |
Must be paid by 02/29/08 using the January 2008 or February 2008 pay period (this section applies only to those at or above the SSI maximum on 07/01/07) |
| Earnings ID: |
GV
|
| Pay Amount or Formula: |
$700 |
| Taxable/Reportable: |
Yes |
| Subject to Medicare: |
Yes |
| Subject to Social Security: |
Yes |
| Subject to Retirement Withholding: |
No |
| Included in Calculation for Overtime: |
Yes, for the pay period in which the bonus was paid only |
| Included in NDI/IDL: |
No |
| Additional Information: |
- CIRS Compendium Report W72, Cycle 0801 (accessed via the Express Function) is available to assist campuses in identifying those employees at or above the SSI maximum as of 07/01/07, excluding employees who received a July 2007 SSI. The report will identify employees who qualify for this bonus at multiple campuses. Campuses will need to coordinate bonus processing so the employee only receives one bonus.
|
| CMS PROCESSING INFORMATION: |
| Time and Labor: |
- Earnings ID:
- GV - Process via Additional Pay
- Effective Date: 01/01/08
- Amount: $700
|
| Additional Instructions: |
Refer to processing responsibility section referenced above. This transaction may automatically be processed by PPSD. As such, campuses will only need to insert a row in PeopleSoft to “reflect” the transaction. However, bonus payments keyed by campuses should be “processed” using the GV Earnings ID as referenced above.
|
| CODED MEMORANDA REFERENCES: |
| |
|
