Remuneration

Secure Act 2.0 - Deferred Comp Higher Catch up and Plan Limits Update

Fixed an issue that may have resulted in taxable wages when both a Regular and Roth are calculated on the same check and configured on the Deferred Compensation panel under one plan. If the combined limit was met in the current pay with Regular not at the full pre-tax amount, a portion of wages may not have been reduced for taxation as allowed. GPTCI-58911

New Jersey - The Remuneration Code HSASelfSec125 (P020) Employee Voluntary Private Disability Tax has changed from Taxable to Non-Taxable, effective 01/01/2025. GPTCI-58827

New Jersey - The Remuneration Code HSAFamSec125 (P021) Employee Voluntary Private Disability Tax has changed from Taxable to Non-Taxable, effective 01/01/2025. GPTCI-58827

New Jersey - The Remuneration Code HSASelfSec125 (P020) Employer Disability Tax has changed from Taxable to Non-Taxable, effective 01/01/2025. GPTCI-58827

New Jersey - The Remuneration Code HSAFamSec125 (P021) Employer Disability Tax has changed from Taxable to Non-Taxable, effective 01/01/2025. GPTCI-58827

New Jersey - The Remuneration Code HSASelfSec125 (P020) Employee Disability Tax has changed from Taxable to Non-Taxable, effective 01/01/2025. GPTCI-58827

New Jersey - The Remuneration Code HSAFamSec125 (P021) Employee Disability Tax has changed from Taxable to Non-Taxable, effective 01/01/2025. GPTCI-58827