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Date: November 27, 2001 |
Bulletin No. 292 |
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| Subject | Educational Assistance Benefits Agency Time Entry | ||||||||||||
| Purpose | This bulletin supplements Payroll Bulletin 286 in relation to the processing and taxation of educational assistance benefits for 2001. | ||||||||||||
| Affected Employees | Employees who received a taxable employer-provided educational assistance benefit during the 2001 calendar year through the State's Central Accounting System. | ||||||||||||
| Agency Reporting |
Reimbursement for courses processed through
the Central Accounting System must be reported to the payroll system (PaySR) in
order to effectuate the withholding of taxes. Taxable amounts for 2001 should be entered into PaySR as soon as possible. |
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| Tax Rules | The tax rules governing employer-provided educational assistance benefits for 2001 are available on Payroll Bulletin 286. | ||||||||||||
| Time Entry On-Line Instructions |
Agencies may enter the taxable value into
PaySR on the TIME ENTRY panel or report the transaction on the MISCELLANEOUS
PAYMENTS FILE. Specific reporting procedures are provided below. On the Time Entry panel, enter the following information:
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| Misc. Payments File Instructions | Agencies reporting this information using the Miscellaneous Payments File should use the same data elements as shown above in the Time Entry On-Line Instructions. | ||||||||||||
| Questions | Questions regarding this bulletin may be directed to the Payroll Deductions mailbox. |