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Date: February 16, 2005 Bulletin Number: 536
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Subject

2005 Blind Veterans’ Annuity Increase and Adjustment

Purpose
To explain OSC’s automatic processing of the 2005 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 a percentage adjustment equal to the annual percentage increase, if any, for compensation and pension benefits administered by the United States Department of Veterans Affairs in the previous year. The 2005 Increase is 2.7% per the Director of Veterans Affairs.

Effective Date(s)
Increase is effective 1/1/05, checks dated 2/25/05.

OSC Actions

Annuity Increase

On February 16, 2005, OSC will update all Pensioner and Beneficiary annuities to $1027.00 on the Job Data page effective 1/01/05.

The Action/Reason codes Pay Rt 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 Rt Chg/CSL (Correct Salary).

Adjustment

OSC will automatically insert a row in Time Entry to adjust the earnings for the month of January, 2005. The adjustments will be reported as follows:

Earn Code: AJN
Earnings Begin Date: 1/01/05 or date eligible
Earnings End Date: 1/31/05 or date removed
Amount: $2.25

 

Agency Actions
After the Time Entry adjustments are loaded by OSC on February 16, 2005, the agency must identify and reduce the adjustment for any employee who was not on the payroll for the entire month of January and is not eligible for the full adjustment.

Questions

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