CUNY Bulletin No. CU-531

Subject
New Deduction Codes 580 City University of New York Medicare Deficiency Flat Rate and 581 City University of New York Social Security Deficiency Flat Rate
Date Issued
March 2, 2016

Purpose

To inform agencies of the new flat rate deduction codes that will be used to recover Medicare and Social Security tax deficiencies for City University of New York (CUNY) employees.

Affected Employees

CUNY employees with Medicare and/or Social Security deficiency

Effective Date(s)

Institution pay checks dated 3/17/2016

OSC Actions

OSC will process deficiency deduction transactions using the new deduction codes when applicable.

Agency update access is not available for this deduction.

Agency Actions

Notify affected employees.

Questions

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

Questions regarding Medicare and/or Social Security tax deficiencies may be directed to the Tax and Compliance mailbox.