NYS Comptroller Seal

 

Bureau of State Payroll Services

 

  Date: December 19, 2003        Bulletin No. CU-193

Subject CUNY Buy Out Waiver Program for the Payment Cycle of 7/1/2003 - 12/31/2003
Purpose To explain Agency procedures for entering payments into the Time Entry Panel.
Eligible Employees CUNY employees who elect to participate in the Buy Out Waiver program and who are also designated on the Buy Out Waiver Listing submitted by the CUNY University Benefits Office.
Background The Health Benefits Waiver Buy Out Program is authorized under IRC Section 125 and administered under the Medical Spending Conversion Program.
Effective
Date
Payment will be included in the employee's regular paycheck or advice dated January 8, 2004, 19L/20C.
Agency Payment Processing Instructions To pay eligible employees, use the Earn Code HBB and enter the following information through the Time Entry Panel:

Earnings Begin Date: Enter the last date of the Pay Period
Earnings End Date:   Enter the last date of the Pay Period
Earnings Code:  
      Enter HBB
Amount:                 Enter the amount designated by the the                        Buy Out Waiver Listing

.Note: The maximum payment amount is $500.
Payroll Register and Employee's Paycheck/Advice The Earn Code HBB and the amount paid will be displayed on the payroll register. The earnings description "HB Buyout" and the payment amount will appear on the employee's paycheck or advice.
Questions Questions regarding this bulletin may be directed to the University Manager of Payroll Systems and Operations at CUNY Central Office.