The Traffic Cone
“Guiding you over and around
the bumps of your payroll journey”
Provided by Syl Luhring – Payroll Supervisor, State Accounting
(471-1460)
June 23, 2009
In
the last legislative session, a bill was passed to increase the percentage of contribution
to the judge’s retirement account by 1% for each contribution plan. The new rates were to take effect on July 1st. This includes those who have participated in
the retirement plan for over 20 years and are currently not contributing to
it.
Benefits
has
created new plans to comply with this legislation. That
means the agencies involved must end enrollment in the old plan for the judges
and reenroll them in the new plans. Most,
if not all, of the employees involved are paid on a monthly basis so changes to
the plans can be made throughout July in time for the payroll certification on
July 27th. But in case there
may be a few on the bi-weekly schedule, these changes
would have to be made during the B-14 pay period ending on July 5th.