Creating a new record for an existing student payroll record. The information in the Social Security tax field will be based on the student's current status. This information need not be changed. See Page PAY-37 regarding how to handle student payroll during the summer. Inc. Life Insurance who move into a different age bracket will have their premium rate updated effective with April payroll.
Age used for determining premiums is the employee's age in the calendar year.
Premium changes based on the employee's calendar year age will take effect on April payrolls for May coverage. This update does not include anyone who is on leave of absence. The new LTC provider, J Hancock, is eager to market its product to UW employees. Therefore, there may be limited value in offering group sessions. At this time, there are two different LTC plans approved by the Group Ins.