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 don’t match the original double-calc you’re reversing, you’ll 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 (=> 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: November’s 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