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RESEARCH FOUNDATION SYSTEMS UPDATE
Employee Payroll Information

The Old Dominion University Research Foundation has completed its conversion to a new payroll processing system.  This update is to provide Research Foundation employees with pertinent information concerning changes to their paycheck or EFT remittance advice.  The information on these documents is divided into five sections:

The bottom of the document is either a negotiable check for deposit or a non-negotiable direct deposit advice.

The most common earnings, deductions and tax codes reflected on a pay check or remittance advice are as follows:

EARNINGS CODES

DEDUCTION CODES

SLRY

Salary Pay

ADD AD-D

Additional AD&D Insurance

ADJSAL

Pro-Rated Salary Pay

ADD LIFE

Additional Life Insurance

HRLY

Hourly Pay

CH LIFE

Child(ren) Life Insurance

RETRO

Retroactive Pay

CRITCARE

Critical Care

OT

Overtime Pay

DENTAL

Dental Insurance

AL

Annual Leave Pay

HMO HLTH

HMO Health Insurance

SICK

Sick Leave Pay

PARKING

Parking Pass Deduction

PPO HLTH

PPO Health Insurance

TAX CODES

PRINCIP

Principal TSA Deduction

FIT

Federal Income Tax Withholding

SP LIFE

Spouse Life Insurance

SS

Social Security Tax (FICA)

UNITED

United Way contribution

MC

Medicare (FICA)

SWT-VA

State Withholding Tax

 

Other information concerning changes in employee net pay:

Virginia State Income Tax Withholding (SWT) – Please note that the new software rounds all Virginia State Income Tax withholding to the nearest whole dollar.  This is compliant with the Virginia Withholding Tax Code.  Therefore most employees will see a small change in the amount of their state income tax withholding.
Tax Non-Residents Federal Withholding – For International employees that are classified as Tax Non-Residents, there may be a decrease in the amount of federal income taxes withheld.