Hazard Pay -  is a supplemental amount paid to individuals in positions eligible for such pay, such as police officers.

Longevity pay - is a supplemental amount paid to full-time non-faculty employees who have 24 months (effective 9/1/05) or more of state employment.  It is paid at the rate of $20.00 per month for at least 24 months of service but less than 48 months; $40 per month for at least 48 months of service but less than 72 months; $60 per month for at least 72 months of service but less than 96 months; and so on.

Premium Sharing - that portion of your insurance cost that is paid for by the University.  It is a tax free fringe benefit.

Withholding tax - tax withheld from your pay to be used to pay your federal income tax on your Form 1040. The calculation of this amount is based on the information you provide on Form W-4.

OASI - Old Age Survivors Insurance, also called FICA (Federal Insurance Contributions Act) tax.  This is your Social Security and Medicare tax. The amount deducted from your pay is matched by the University as a fringe benefit.

Retirement - the deduction for your contribution to your retirement plan; 6.4% for TRS members and 6.65% for ORP members. The University contributes 6% to your retirement plan as a fringe benefit. (The contribution rate for employees who were ORP members prior to 9/1/95 is 8.5%)

Annuity/Deferred Compensation - the deduction for your elective Section 403(b) (tax sheltered annuity) or Section 457 plan (deferred compensation).

UTFLEX Medical/Dental - that amount of money you irrevocably elected to contribute to a Section 125 plan with which to pay your out-of-pocket medical or dental bills.  This amount is not subject to either withholding tax or OASI tax.

UTFLEX Dependent Care - that amount of money you irrevocably elected to contribute to a Section 125 plan with which to pay your child care costs.  This amount is not subject to either withholding tax or OASI tax.

UTFLEX Premium Redirect - that portion of your out-of-pocket insurance cost that is not subject to either withholding tax or OASI tax.  This amount may or may not agree with your total out-of-pocket cost.

Taxable Gross = Gross salary + long/haz pay - retirement - annuity/def comp - all UTFLEX amounts - parking (if you elected pre-tax parking).  Withholding is calculated on this amount.

Withholding tax - does the marital status and the number of allowances claimed agree to the last Form W-4 you filed with the payroll department? Do not wait until you file your tax return to discover that you did not have enough withheld because your Form W-4 was never received by the payroll department.

If you have been a full-time, non-faculty state employee for 60 (36 months effective 9/1/01) months or more, are you receiving longevity pay?  Is this amount correct?

Are your insurance deductions correct? Are they consistent from statement to statement? Have you had a change in family status: marriage, divorce, new child.  You have only 30 days from the date of the status change to contact Human Resources to update your coverage.

Do you have any payroll deductions for bonds, charitable contributions, parking, garnishments, deferred compensation arrangements, etc.?  Are these amounts correct? Do you compare your deduction for your tax sheltered annuity or deferred compensation with the statements you receive from your investment company? Do you do the same for your retirement contributions?

Is your net pay higher or lower by a substantial amount than previous earnings statements?  If you have been over- or underpaid, please notify the payroll department immediately.

If you are a qualified student and OASI tax was deducted from your pay, notify Payroll immediately.