Info Circ 04-p-012 - Addition of Parking Deduction Codes

To facilitate the collection of parking fees resulting from the agreement entered into between the Department on Aging and the Division of Facilities Management, the following parking deduction codes have been established in SHARP for Department on Aging employees:

PARKING FACILITY	DEDUCTION CODE	BIWEEKLY AMOUNT	TAX CLASS
Curtis Garage	PPKT0C	10.07	Pre-tax
	PKT0CB	10.07	After-tax
Parking administrative fee code PKAD12 ($0.77 = $10.07 X .0765) has been added for employees enrolled in deduction PPKT0C.
Surface lot, non-reserved	PPKT0D	2.30	Pre-tax
	PKT0DB	2.30	After-tax
Parking administrative fee code PKAD13 ($0.18 = $2.30 X .0765) has been added for employees enrolled in deduction PPKT0D.
Surface lot, reserved	PPKTRD	3.46	Pre-tax
	PKTRDB	3.46	After-tax
Parking administrative fee code PKADR2 ($0.26 = $3.46 X .0765) has been added for employees enrolled in deduction PPKTRD.

The Division of Facilities Management will perform the necessary deduction enrollments in SHARP for employees who are covered by the parking agreements. 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.

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