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Additional Payroll Retirement Contribution (2013)

FPP P.006

State agencies reporting to USPS

For state agencies using the Uniform Statewide Payroll/Personnel System (USPS), a new state-paid deduction (022) has been created to track the Additional Payroll Retirement Contribution (PRC) amount. The PRC amount is paid from agency budget.

USPS deduction 022 will fund from the Program Cost Account or index used to fund the employee’s base salary.

USPS agency examples

USPS monthly example

Employee is paid $4000.00 BSY once a month, along with $80.00 of Longevity. (Note: The state retirement contribution is calculated as BSY plus Longevity times 7.5 percent. The PRC amount is not computed on the Longevity Pay.) The state contribution for retirement for the employee for the month is $306.00. The agency PRC amount is $20.00.

Monthly payroll – Paid on the first
Payment type Program cost account Identification number Comptroller object Amount
Base Salary EE PCA   7002 4000.00
Longevity EE PCA   7022 80.00
PRC EE PCA 33273273277028 7040 20.00
STH ERS PCA 33273273277001 7032 306.00

USPS twice-monthly example

Employee is paid $2000.00 twice a month. The state retirement contribution for the employee for the first and second half of the month is $150.75, respectively. The agency PRC amount for the first and second half of the month amount is $10.00, respectively.

First-half payroll – Paid on the 15th of the month
Payment type Program cost account Identification number Comptroller object Amount
Base Salary EE PCA   7016 2000.00
PRC EE PCA 33273273277028 7040 10.00
STR ERS PCA 33273273277001 7032 150.75
Second-half payroll – Paid on the first of the following month
Payment type Program cost account Identification number Comptroller object Amount
Base Salary EE PCA   7016 2000.00
PRC EE PCA 33273273277028 7040 10.00
STR ERS PCA 33273273277001 7032 150.75