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UC Payroll Release Distribution Notes

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Subject:	Notice of Update - R2278 - 2017 Covered Compensation Limit Changes
From:	Christopher Scott <[log in to unmask]>
Reply To:	UC Payroll Release Distribution Notes <[log in to unmask]>
Date:	Thu, 29 Jun 2017 09:40:55 -0700
Content-Type:	text/plain
Parts/Attachments:	text/plain (15 lines)

Greetings;
This release will correct the 401(a)(17) Annual Compensation Limit for the Fiscal Year beginning July 1, 2014.

The release requests this be installed before any computes with July earnings are processed.  We will be installing the update as soon as possible.

The new limits are as follows:
FYTD Retirement Max (prior to July 1, 1994)                                             $400,000.00
FYTD Retirement Max                                                                              $270,000.00
FYTD Covered Compensation Limit P (Coordinated with Social Security        $118,775.00
FYTD Covered Compensation Limit Q (Not Coordinated with Social Security $142,530.00

As always please let us know if you have questions, comments or concerns.

Thanks as always!

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