To facilitate the collection of parking fees for the
Signature Building Garage for employees of the Secretary of State's
Office, payroll deduction codes PPKT09 (pre-tax parking) and PKT09B
(after-tax parking) have been added to SHARP
effective August 19, 2001. The employee deduction will be $9.23 per
bi-weekly payroll period. The employer rate, payroll deduction code PKAD06
(which was also added), will be $0.71 (.0765 X $9.23) 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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