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Date: December 7, 2006 Bulletin Number: 604
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Subject

Instructions for Entering Tax Deferred Annuity (TDA) and Supplemental Retirement Annuity (SRA) Deductions for 2006

Purpose

To provide instructions for entering TDA and SRA deductions for 2006.

Affected Employees

Employees who currently have any of the following deductions:

403

Supplemental Retirement Annuity (CUNY)

413

NBE Tax Deferred Annuity (CUNY)

414

NYT Tax Deferred Annuity (CUNY)

417

HRC Tax Deferred Annuity (CUNY)

419

CUNY TDA Copeland (CUNY)

404

Supplemental Retirement Annuity (SUNY)

405

TIAA Special Annuity (SUNY)

408

SUNY TDA Fidelity (SUNY)

415

UUP Tax Deferred Annuity (SUNY)

432

ED TDA Copeland (11000,11260,11270)


Effective Date(s)

Institution paychecks dated January 5, 2006.
Administration paychecks dated January 11, 2006.

OSC Actions

For employees who have an active SRA/TDA deduction and whose status is Active, Paid Leave or Leave Without Pay, OSC will insert a new effective-dated row using the beginning date of the first pay period of 2006 with the current deduction percent or Flat Amount and a default Goal Amount of $15,000 (normal maximum YTD contribution for 2006) and will zero out any Goal Balances.

For employees who have an SRA/TDA deduction that is not end dated and whose status is Retired, Terminated or Deceased, OSC will end date these SRA/TDA deductions.

Agency Actions

Agencies must review Control-D report NBEN749 (SRA/TDA Default Goal Amount) listing participating employees. This report will be available in Control-D for Institution Agencies on or about December 16, 2005 and for Administration Agencies on or about December 23, 2005.

If a change to the employee’s current deduction or Goal Amount for 2006 is necessary, agencies must update the General Deduction page in accordance with the instructions below.

Note:
Please do not begin this data entry until after December 16, 2005 for Institution and December 23, 2005 for Administration agencies.

Agency Processing Instructions to Change Existing
Deductions or Report New Deductions

When making changes, the transactions should be entered during the processing of the pay period that the deduction will take effect. Do not insert future-dated transactions for these deduction codes.

To change the Goal Amount, agencies must insert a new effective-dated row and override the Goal Amount. All information will roll up on the newly inserted row. Agencies must override the Goal Amount.

To change the Deduction Amount/Percent, agencies must insert a new effective-dated row and overwrite the Deduction Amount/Percent.

To cancel the deduction, agencies must insert a new effective-dated row and populate the effective date and end date fields with the first day of the pay period.

Agencies should not under any circumstances enter or change the Goal Balance Amount.

Questions

Questions regarding this bulletin may be directed to the Payroll Deductions mailbox.