[pps-news] Salary Reduction - How to report SRB for an Hourly Paid Employee on OPTRS

[Gabe Nwandu]

September 25, 2009

 

Dear PPS User,
This is a tip on how to report Salary Reduction Hours (DOS code SRB) for
an hourly paid employee on the time input roster (OPTRS).

 

Example:
Staff employee's annual salary is $60,000 (or hourly rate is $28.74),
therefore the salary reduction percentage is 6 percent (0.06) -see table
below. 

1.  Number of hours worked for the pay period is 90 hours.
2.  Reduction percentage: 0.06 (see table below, salary band 3)
3.  Reduction Hours to enter into the time input roster = 5.40 hrs (90
hrs x 0.06)

 Banding Table - All Employees 

Salary Band 

Medical Contribution Base

New Year 

Annual Compensation 

Reduction 

Accrual Rate 

Staff/Other Academics

Furlough

 Days

Staff 

Accrual Rate 

Academic-Yr Faculty

Furlough

 Days

Academic-Yr Faculty

Accrual Rate 

Fiscal-Yr

Faculty

Furlough

 Days

Fiscal-Yr

Faculty

1 

<=40 

<= $40,000 

4% 

0.042308 

11 

0.026923 

7 

0.038462 

10 

2 

41-46 

$40,001- $46,000 

5% 

0.050000 

13 

0.034615 

9 

0.046154 

12 

3 

47-60 

$46,001-$60,000 

6% 

0.061538 

16 

0.038462 

10 

0.053846 

14 

4 

61-90 

$60,001-$90,000 

7% 

0.069231 

18 

0.046154 

12 

0.061538 

16 

5 

91-180 

$90,001-$180,000 

8% 

0.080769 

21 

0.053846 

14 

0.073077 

19 

6 

181-240 

$180,001-$240,000 

9% 

0.092308 

24 

0.057692 

15 

0.084615 

22 

7 

>240 

>$240,000 

10% 

0.100000 

26 

0.065385 

17 

0.092308 

24 

 

All Senior Management Group (SMG) members will be provided only 10
furlough days regardless of their respective salary reduction level.
Thus, the accrual rate of .038462 will be used for this group. 
Note:  Use Staff Accrual Rate and Salary Band for "Academics" other than
Academic-Year Faculty and Fiscal-Yr Faculty.

Thank you

---------------------------------------------------

Gabe Nwandu MBA, CPA
Director - Payroll, Disbursements & Travel

 

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