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Date: March 2, 2016

Bulletin Number: CU-531

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Subject

New Deduction Codes 580 City University of New York Medicare Deficiency Flat Rate and 581 City University of New York Social Security Deficiency Flat Rate

Purpose

To inform agencies of the new flat rate deduction codes that will be used to recover Medicare and Social Security tax deficiencies for City University of New York (CUNY) employees.

Affected
Employees

CUNY employees with Medicare and/or Social Security deficiency.

Effective Date(s)

Institution pay checks dated 3/17/2016.

OSC Actions

OSC will process deficiency deduction transactions using the new deduction codes when applicable.

Agency update access is not available for this deduction.

Agency Actions

Notify affected employees.

Questions

Questions regarding this bulletin may be directed to the Payroll Deductions mailbox. 

Questions regarding Medicare and/or Social Security tax deficiencies may be directed to the Tax and Compliance mailbox.