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SHARP Message #693


Date

7/5/07

Author

HR

Subject

Longevity Bonus Payments for FY08

Message Text:

 

Due to the change in the Longevity amount (from $40/yr to $50/yr) based on House Bill 2368 (Section 160, page 175/176) http://www.kslegislature.org/legsrv-bills/index.do we have updated the PeopleSoft coding in SHARP.

For those employees who are eligible to receive a longevity bonus, the years of service is multiplied by $50/yr instead of $40/yr. Longevity amounts for FY08 now range from $500 (10 yrs) up to and including $1250 (25 yrs+).

Longevity payments default into timesheets and are listed under earnings code LNG. The Overtime Differential Pay calculation (for those who’ve received overtime within the preceding twelve months) remains the same and is represented on the timesheet as earnings code ODP.

The $50/year calculation will remain in effect for the duration of FY2008.

If you have any questions, contact Brent Smith at brent.smith@da.ks.gov .