[pps-news] Benefit Rate change (Staff Recognition and Development Program)

[Gabe Nwandu]

February 3, 2006

 

TO:     All Departments

FR:     Payroll Office

RE:     Benefit Rate change (Staff Recognition and Development Program)

________________________________________________________

 

On January 13, 2006, Human Resources sent the proposed guideline for the
Staff Recognition and Development Program for Non-Represented Staff
Employees.  The announcement mentioned that an annual assessment rate of
0.92 percent will be implemented for fiscal year 2005-06 in order to
create a pool of funds for the program.  

 

The Payroll/Personnel System (PPS) was updated in January 2006 to assess
1.34 percent for the Non-Represented Staff employees.   This rate will
be in effect until June 2006 earnings.  This higher rate, implemented
mid year, was necessary in order to make up for the amounts which were
not assessed from June 2005 to December 2005, when the assessment rate
was 0.50 percent.  The name on PPS for this program is still "IAP" and
your DOPE report headers will still say 'IAP'.   

 

The Incentive Award Program assessment rates for Represented Staff will
continue until further notice.  The rate is still .50 percent.  Our
benefit rates table has been updated with this change.  Here's the link
to the revised table: http://accounting.ucr.edu/ben2006.htm 

 

If you have any questions about the rate change, please contact Gabe
Nwandu at gabe.nwandu at ucr.edu.

 

Thank you.

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