ASCENDER Retiree Pension Surcharge – Next Year Payroll

There have been reports that ASCENDER Next Year Payroll is doubling the Retiree Pension Surcharge when calculating for Budget. 

Example: 

Retired teacher earning $54,540 annually ($4,545 monthly), who is subject to the Retiree Pension Surcharge should be calculating for the Surcharge as follows:

    $4,545 X 16.5% = $749.92 monthly

If they work a 10-month calendar, the amount that should be budgeted in object 6146 would be $7,499.20 ($7,500 when it rounds for Budget).  If they work 12 months, the amount should be $8,999.04 ($9,000 when rounded).  Currently, ASCENDER is calculating $14,998.40 or $17,998.08, respectively.

Please check your reports when calculating Next Year Payroll for the amounts being calculated for Retiree Surcharges and be prepared to manually adjust your budgets as needed in the Budget application.  The budget code will look like the employee's salary code, but with an object code of 6146.

Note:  The Retiree Care Surcharge, where applicable, ($535 set in their Deduction screens) appears to be calculating correctly.

This issue will be corrected in a future release, but there is currently no date set for a correction.