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Dependent Term Life Deduction

ERS has increased the Dependent Term Life insurance rate from $1.38 to $1.45 per month effective September 1st, 2022.  With this change, Payroll & Tax Services will be deducting the full $1.45 premium on the paycheck dated the 25th for semi-monthly paid employees.  There will be no dependent life insurance deduction on the paycheck dated the 10th of the month.  This change will begin with semi-monthly paychecks dated September 25th, 2022.

Posted:
9/19/2022

Originator:
Laci Cramer

Email:
laci.cramer@ttu.edu

Department:
Payroll and Tax Services


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