[pps-news] SRDP assessment rate change effective 04/01/2007

[Gabe Nwandu]

May 16, 2007

 

To:     All Departments

Fr:      Payroll Office

Re:     SRDP assessment rate change effective 04/01/2007

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For the last three months of 2006/07 (April, May and June), the
assessment rate for Staff Recognition and Development Program (SRDP) for
PSS and MSP (non-represented) employees has decreased from 0.92% to
0.80%. The funding available for 2006-07 is 0.89% of payroll base. On
July 1, 2007, the new rate will be 0.87%.  

 

On a related topic, the IAP assessment rate for the HX unit has been
turned off from 0.50% to 0.00% effective April 1, 2007. 

 

The benefits rates table at: http://accounting.ucr.edu/ben2007.htm
<http://accounting.ucr.edu/ben2007.htm>  has been updated.

 

Thank you.

 

*******************************

Gabe Nwandu - MBA, CPA.

Director - Payroll, Travel and Disbursements

University of California, Accounting Department

Riverside, CA. 92521

Tel: 951.827.1956;  Fax: 951.827.3314

E-mail: gabe at ucr.edu <mailto:gabe at ucr.edu> ; Internet:
http://accounting.ucr.edu <http://accounting.ucr.edu> . 

 

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