[Cobo] FW: FICA Limit Adjustments Cost Estimate

[LeFlore, Bobby]

Resending original message.

>  -----Original Message-----
> From: 	LeFlore, Bobby  
> Sent:	Tuesday, January 13, 2004 9:26 AM
> To:	Council of Business Officers
> Subject:	FICA Limit Adjustments Cost Estimate
> 
> Currently OSF manages the FICA limit amounts for all employee at the State level.  This process requires adjustments to the payroll files once they have been transmitted to OSF and the necessity to correct the data and resend it if an employee's FICA deduction exceeds the annual limit.  This generally occurs when an employee is on the payroll of more than one state agency.   One of the considerations regarding the Higher Ed payroll interface to the People Soft system is to discontinue this process if the costs associated with managing the FICA adjustments are less than the analysis and programming costs to continue this process on People Soft. 
> 
> OSF has asked Higher Ed to estimate the annual cost of making these adjustments.   Please estimate your costs for a twelve month period and forward the estimate to me within the next couple of weeks.  Your costs would include staff time to work the adjustments, etc. but would not include the actual amount of FICA over the limit.  OSF will calculate that.  I would like to receive your estimate by January 27th if possible.  Thanks for your assistance.
> 
> Bob LeFlore
> 225-9417