| To: | Payroll / Personnel Technicians |
| Subject: | Supplemental Life Insurance Changes for Fiscal Year 2006 |
| Sent Date: | 07/26/2005 |
The Supplemental Life Premium Rate Changes Report - AU448107 is now available on-line (SYSID=AUIS44F). It lists all employees that have a 430 (Supplemental Life) deduction and indicates their new premium rate to be taken the first payroll in August of this year.
As in the past the ‘Supplemental Life Ins Rate’ has been supplied to us by Office of Group Insurance, the ‘Annual Equivalent Salary’ amount is as of the run date, and the new premium amount has been calculated based on the employee’s age as of July 1, 2005. If after calculation the new and old premiums are the same a ‘*’ will show on the report next to the new premium amount indicating no change.
Report AU448107 will automatically generate an employee deduction change for all employees whose rate has changed. (No need for agency intervention or coding on IPOPS.) This change will be effective on the first payroll the deduction is taken in August 2005.
All employees with a life insurance plan code of ‘LB’ or ‘LM’ (Legislature) are excluded from automatic calculation but will be reported.
Note: The report AU443165 – Supplemental Life Premium Rate Change that you receive throughout the year still requires the agency to code the new rate through IPOPS.
If you have any questions regarding this issue, please contact the DSP Helpdesk at 334-2394.
Leslie Mickelsen
Accounting Services
Division of Statewide Payroll
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