To facilitate the collection of parking fees due to an agreement with the
Board of Accountancy, payroll deduction codes PPKT11 (pre-tax parking) and
PKAD08 (employer rate) have been added to SHARP
effective November 25, 2001. Payroll deduction codes PPKT11 and PKAD08 are to
be used for Board of Accountancy employees who park in surface Lot 1. The
deduction amounts for PPKT11 and PKAD08 are $2.31 and $0.18 ($2.31 X .0765)
per bi-weekly payroll period. For Board of Accountancy employees who park in
the Signature Garage, payroll deduction codes PPKT10 and PKAD07 (employer
rate) should be used. The deduction amounts for PPKT10 and PKAD07 are $10.38
and $0.79 ($10.38 X .0765) per bi-weekly 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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