Changes to the Payroll System for the December 2014 RG2 pay cycle:
- New Federal Income Tax Tables
The Internal Revenue Service has issued new federal income tax tables for wages paid after December 31, 2014. The new federal withholding tables will be reflected on the January 09, 2015 paycheck.
New Medical Premium Rates
Even though this pay cycle is for the period December 16-31, 2014 the medical premiums for the January 09 check is for January coverage. Therefore, the new rates are in effect now. To view your current medical and dental carrier, go to the Employee Benefits section within WEBPBS at http://webpbs.wsu.edu. The new fair market value has been installed for the insurance premiums of domestic partners medical insurance.
If employees have any questions about their premiums, please contact Mike Olin at (509) 335-1278.
Medical Flexible Savings Accounts
682 employees who took the opportunity during Open Enrollment to sign up for medical flexible savings accounts will see their reductions reflected in this paycheck. Contributions to medical flexible accounts are not subject to federal income taxes, social security or medicare tax.
Enrollments for 126 employees have been processed this payroll for new or renewed enrollments in Dependent Care (GTN 010).
Fall Work Study Limits
Fall work study limits and balances will be removed after this payroll calculation so that Spring amounts can be applied.
Please contact Payroll at (509) 335-1277 or email@example.com if there are any questions.