P060 Adjustments OSPS Yearend Mini Conference

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P060 AdjustmentsOSPS Year-end Mini Conference
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Use P060 to Adjust

• Taxes(Agency Requests OSPS Enters)
• Adjustments due to November or December
  double-calc in two tax years
• Outstanding balances under 10
• Hours worked outside of Oregon
• PERS(Agency Enters)
• Retirement Program Changes
• Subject Wage
• Employee Contribution
• Employer Contribution

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TaxesAdjustments for Double-Calcs

• Use P050 and P070 to reverse double-calc
• Check P370. If the WBF, FIT, or SIT taxes dont
  match the original double-calc youre reversing,
  youll need a P060 adjustment.
• Send detail to Kathyron Parsons
• Do the math
• Request adjustment
• Tell her which pay period to use
• Briefly summarize why you need an adjustment

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TaxesBalances Under 10

• OSPS can adjust FIT or SIT for employees with an
  outstanding balance (positive OR negative) that
  is under 10
• Check P090 FIT or SIT must have something there
  in order to adjust
• Reports
• Net Pay Negative Report
• Separated Employees with Net Pay Positive Adj
• Datamart Query OSPS_DED table
• Pull Employee Num, Ee Dedn Amt
• Filter by Pay Period End, Nmbr Iss (gt 02),
  Dedn Type (9999), Ee Dedn Amt (-10,10), Dedn Desc
  (NET PAY ADJ)
• Does not catch employees with only one set, but
  catches majority of incidences

NOTE Novembers check threshold is one dollar
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TaxesHours Worked Outside of Oregon
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PERS

• Can only correct current tax year through OSPA
• Entry Guide PERS, Wage and Contribution
  Adjustments
• Work with PERS Centralized Service Team
  representative
• Possible changes include
• Retirement Program (F, G, P, S, T)
• Subject Wage (RSE)
• Employee Contribution (RSP)
• Employer Contribution (RSM)

NOTE Agency enters PERS adjustments on P060
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What Questions do You Have?
When you come to the end of your rope, tie a knot
and hang on. Franklin D. Roosevelt