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Date: December 19, 2005 Bulletin Number: 607
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Subject

2006 Blind Veterans Annuity Increase

Purpose

To explain OSC’s automatic processing of the 2006 Blind Veterans annuity increase.

Affected Employees

Pensioners and beneficiaries in Agency 01130, Division of Veterans' Affairs - Blind Veterans Annuity.

Background

Pursuant to Chapter 251 of the Laws of 2004, effective January 1, 2005 and each year thereafter, the annuity paid to Blind Veterans and their beneficiaries shall be increased by a percentage adjustment equal to the annual percentage increase, if any, for compensation and pension benefits administered by the U.S. Department of Veterans Affairs in the previous year. The 2006 increase is 4 percent per the Director of Veterans Affairs.

Effective Date(s)

Increase is effective 1/1/06; paychecks dated 1/30/06.

OSC Actions

On January 18, 2006, OSC will update all pensioner and beneficiary annuities to $1068.08 on the Job Data page effective 1/1/06.

The Action/Reason codes Pay Rate Chg/SAC (Mass Salary Increase) will be used for all rows.

OSC will also update any subsequent rows as necessary using Action/Reason codes Pay Rate Chg/CSL (Correct Salary).

Questions

Questions regarding this Bulletin may be directed to your Payroll Auditor.