To facilitate the collection of parking fees for State Parking Lot 3,
located at 1020 S. Kansas, payroll deduction codes PPKT03 (pre-tax parking,
non-reserved), PKT03B (after-tax parking, non-reserved), PPKTR3 (pre-tax
parking, reserved), and PKTR3B (after-tax parking, reserved) have been added
to SHARP effective December 8, 2002. The employee
deduction for the non-reserved spaces (codes PPKT03 and PKT03B) will be $6.92
per bi-weekly payroll period. The employer rate for the non-reserved spaces,
payroll deduction code PKAD01 (which is already established), will be $0.53
(.0765 X $6.92) per bi-weekly payroll period. The employee deduction for the
reserved spaces (codes PPKTR3 and PKTR3B) will be $8.08 per bi-weekly payroll
period. The employer rate for the reserved spaces, payroll deduction code
PKADR1 (which is already established) will be $0.62 (.0765 X $8.08).
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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