To facilitate the collection of parking fees for the
Signature Building Garage for employees of the Kansas Department of
Commerce and Housing, payroll deduction codes PPKT10 (pre-tax parking) and
PKT10B (after-tax parking) have been added to SHARP
effective September 30, 2001. The employee deduction will be $10.38 per
bi-weekly payroll period. The employer rate, payroll deduction code PKAD07
(which was also added), will be $0.79 (.0765 X $10.38) 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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