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Division of Human Resources-Newsletter

Topics included in the April 20, 2007 issue:

* Beneficiary Designation
* Important Personnel Transaction Processing Reminders
* Summer Pay Calculation

Beneficiary Designation
All benefits eligible employees of KSU have a basic term life insurance policy equal to 150% of their salary.   These employees are to designate a primary beneficiary(ies) and contingent beneficiary(ies), if desired for this life insurance plan.  This is normally done as part of the appointment process for new hires by including the Designation of Beneficiary form (KPERS-7/99) as part of the appointment packet of documents.

However, from time to time life events occur whereby designated beneficiaries change; therefore, it is prudent to periodically review these designations to assure they are current and accurate.  Changes can be made at any time by completing a new KPERS-7/99 form and submitting it to the Division of Human Resources, 103 Edwards Hall.  The KPERS 7/99 form can be found on the HR web page at: http://www.ksu.edu/hr/forms.  Please share this information with your department employees.

Questions should be addressed to Benefits Administration, Division of Human Resources, at (785) 532-6277 or e-mail to: BENADMIN@KSU.EDU.

Important Personnel Transaction Processing Reminders
Please submit personnel transactions with all required documents to Division of Human Resources.  Items missing or not completed correctly will delay processing and sometimes delay paychecks.  For more detailed information refer to the April 20, 2007 memorandum of “Important Personnel Transaction Processing Reminders” at

http://www.k-state.edu/hr/news/hrmem.htm.   If you have questions please do not hesitate to contact our office at (785) 532-6277.

Summer Pay Calculation
The following calculation is used to determine the rate of pay for the six summer pay periods for 9 month employees:

The annual salary divided by 9 months equals the monthly rate.
Monthly salary multiplied by the number of summer months divided by the number of pay periods equals summer bi-weekly pay.

Example:  For a 9-month employee with an annual salary of $69,000.$69,000 / 9 months = $7,666.67 monthly salary$7,666.67 x 3 summer months / 6 pay periods = $3,833.34 (compensation rate per pay period)

The compensation rate throughout the year is $3,450 ($69,000 / 20 pay periods = $3,450). This does not mean the employee is receiving a higher salary in the summer. The difference occurs because during the academic year we are spreading the 9-month salary over 20 pay periods, which is longer than 9 months.

Please contact your HR liaison with questions regarding summer salary at (785) 532-6277.

“As a rule, I always look for what others ignore.”  Marshall McLuhan

Kansas State University
Division of Human Resources
103 Edwards Hall
Manhattan, KS 66506-4801
Phone (785) 532-6277 Fax (785) 532-6095
Visit us on the web at http://www.ksu.edu/hr/

Division of Human Resources   hr@ksu.edu   103 Edwards Hall  Manhattan, KS 66506-4801  (785) 532-6277
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Kansas State University
April 20, 2007