Occasionally, you’ll need to correct errors in payroll after it processes. CU’s HCM Payroll Expense Transfer (PET) solution has a number of helpful features to make reallocating funding a breeze.
Several updates have been made to the job code table in HCM and the benefits eligibility matrix for faculty job codes to align with Administrative Policy Statement 5060. Updates have also been made to the matrix for university staff and retiree additional jobs.
Employees can access employment and salary verification using Experian Verify starting March 3. Make sure your departments know about the transition and employees have the correct link to access their employment verification.
There are a few best practices to keep in mind while creating a Payroll Expense Transfer (PET) to ensure correct accounting, a smooth fiscal year-end and collaboration between departments.
The Aurora Occupational Privilege Tax was repealed by Aurora effective Jan. 1, 2025. Beginning Jan. 1, employees working in Aurora will no longer have the $2 Aurora local tax withheld from their paychecks.
Starting Feb. 1, employees who need to claim covered leave under their long-term disability or short-term disability policies will work with the Employee Services Leave team.
The university uses person of interest (POI) categories to manage non-staff who are allowed access to certain university resources and platforms. Starting Jan. 1, one classification of POI will no longer require a Social Security Number.
Employee W-2s will be mailed by Jan. 31, Form 1095-C will be released in the portal by March 3, and Form 1042-S will be available in Sprintax or mailed, if electronic consent has not been provided, by the end of February.
To maintain tax exempt status, employees must update their W-4 by Feb. 15. If the form is not updated by this date, the employee’s tax status will revert to the highest withholding status.
