On September 16, 2008, OSC will reduce all pensioner and beneficiary annual annuities to $1,061.04 on the Job Data page effective 9/1/08.
The Action/Reason codes of Pay Rate Chg/SDC (Salary Decrease) will be used for all rows.
OSC will also update any subsequent rows as necessary using the Action/Reason codes of Pay Rate Chg/CSL (Correct Salary).
NHRP704 Mass Salary Payment Report
This report identifies all recipients who received the Annuity Decrease and identifies all of the recipient’s annuities that were automatically decreased. Other fields on the report include the EmplID, Employee Record Number, Employee Name, Eff Date Grade, Bargaining Unit, Pay Basis Code, Part-time Percentage, Action Reason, Old Comp Rate, New Comp Rate and Increment Code.