To facilitate the collection of parking fees for the Signature Building
Garage, payroll deduction codes PPKT08 (pre-tax parking) and PKT08B
(after-tax parking) have been added to SHARP
effective July 8, 2001. The employee deduction will be $20.77 per
bi-weekly payroll period. The employer rate, payroll deduction code PKAD05
(which is already established), will be $1.59 (.0765 X $20.77) per payroll
period.
The Division of Accounts and Reports, Payroll Systems Team will make the necessary updates to the SHARP payroll system to effect this change for all employees for whom SHARP calculates pay. Regent's institutions are responsible for ensuring that this change is made in their individual systems. DB:JJM:rdb
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