|At CUNY’s request, OSC will run a program to automatically end date deduction code 417 (Halliday) and 419 (Metlife) for all employees, regardless of job status.
OSC will load the file provided by CUNY to start deduction code 403 for employees included on the file.
To help prevent employees from making excess 403(b) deferrals in 2017, OSC will insert a new effective-dated row for deduction code 403 based on the first day of the pay period for payroll checks issued on 1/5/2017. These effective dates are as follows:
11/24/2016 Inst Extra Lag (1/05/2017 check date)
12/08/2016 Inst Lag (1/05/2017 check date)
12/22/2016 Inst Current (1/05/2017 check date)
The new effective-dated row will reflect:
- The employee’s biweekly deferral election submitted by CUNY.
- The regular maximum contribution amount submitted by CUNY for 2017 in the Goal Amount field.
- A beginning contribution balance of zero (0) for 2017 as reflected by the blank Goal Balance field.