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Core-CT HRMS Daily Mail

Date: 1/9/2018

Agency Action Needed: New Tier 4 Retirement Deduction Codes

New hires that are eligible for Tier 4 per the 2017 SEBAC agreement need to be placed in a Tier 4 Retirement Deduction Plan. Tier 4 Retirement Deductions codes have been created for this purpose. Agencies are instructed to change their applicable employees' deductions from Tier 3 to Tier 4 by Tuesday, January 23, 2018.

Agencies are first instructed to end the employees’ current Tier 3 Retirement plan. In Create General Deductions, with the Tier 3 Retirement Deduction Code, create a new row and enter an effective date and end date equal to the same value, i.e. Eff DT 1/5/18 and End DT 1/5/18. This will end the Tier 3 Deduction.

Using the Tier 4 Retirement Deduction Code from the list below, create a new General Deduction with a 1/5/18 Effective date. For the field, “Calculation Routine”, please use the drop down and choose “Default to Deduction Table”. Do the same for the Employer share of the Tier 4 Retirement Deduction.

Please use the following list of Tier 4 Deduction Codes:

Mirror Code: New Code: Employer Code:
RSER3 RSER4 RSERER
RS3HZ RS4HZ RHAZER
RSHY5 RSHYC RSERER
RARNSS RARPS4 RARER4 (NEW)
RARPSS RARPS5 RARER4 (NEW)

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