Date: November 29, 2001
Bulletin No. CU-122
|Subject||Tax Deferred Annuity (TDA) and Supplemental Retirement Annuities (SRA) Reporting for the Year 2002|
|Purpose||To explain OSC processing for certain general deduction codes.|
Employees who currently have one of the
following deduction codes:
403 CUNY TIAA SRA
413 NBE TDA
414 New York Teachers TDA
417 Professional Staff Congress TDA
419 Copeland TDA
|Payroll deductions for 2002 will begin with the paychecks dated January 10, 2002.|
OSC will continue these deductions in 2002
at their current rate if no end date has been previously reported, or until a
future end date has been reported.
OSC will automatically zero out the goal balance if the employee had a deduction in the 2000 - 2001 year.
OSC will produce and mail a listing of employees who will have their deduction continued in 2002 if no agency action is taken.
OSC will end date these deduction codes if the employee status is Terminated, Retired or Deceased.
|Agency Actions||It is the Agencies responsibility to verify the listing. If there is a change to the employee's current deduction or goal amount, the Agency should update the general deduction panel accordingly.|
|Questions||Questions regarding this bulletin may be directed to the University Manager of Payroll Systems and Operations at CUNY Central Office.|