|From:||Gary Reardon, Director|
|Subject:|| Clarification of FICA/Retirement problems on payroll|
|Date:||September 29, 1997|
As was discussed at the 9/22/97 payroll meeting, effective with check date 8/1/97, when the
payroll system was enhanced to accommodate the pre-tax retirement deduction the following
- Some employees stopped accumulating FICA wage before actually reaching the
FICA maximum wage.
At this time we have not been able to identify the logic that caused this error. Not
all employees who should have reached FICA maximum were affected.
- Employees in Tier 1 who reached the FICA maximum, did not have their
retirement contribution increased to 5% until the following pay cycle.
We will be working with the Retirement & Benefits Division to compile a list of those affected. Employees will be contacted by the Retirement division regarding the contributions they owe.
This will affect an employees taxable wage and W-2's may have to be adjusted
at year end by the Payroll Services division.
The computer programs that caused these two errors were fixed for check date 9/26/97.
We apologize for any inconvenience this may have caused.
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