Each goal was then assigned to a Board Member as Project Lead, more specific items were added to achieve the goal and a target date set.

The Northstar Chapter’s history of volunteerism will be needed in order to achieve this success. Volunteer opportunities are available on all of the goals. To view more complete details of the five goals and the Project Leader to contact if you would like to participate, please see the attachment at the end of the Newsletter.

Marcia then introduced Denice McMahon, CPP who introduced our Speakers, Kathy Fischer and Jill Tangney from Lawson Software and Jeff Goldenberg from Midformation.

Kathy and Jill spoke first while demonstrating Lawson’s Self Evident Applications (SEA) and Web Time Entry technology. They demonstrated pay period set ups, time entry screens, exception time entry screens, and manager approval screens. Kathy and Jill also provided a list of Web Time Entry Considerations employers should look at if considering such a system. (Please see attached handout.)

Jeff then presented information regarding other time and attendance systems, along with a more general perspective on what to look for in a time and attendance system and what your considerations should be for selecting a system.

The meeting adjourned.

 

(following article from American Payroll Association Website)

IRS Issues Proposed Regs Revising Group-Term Life Insurance Premiums

Because of a significant increase in life span in recent years, the IRS and the Treasury have issued proposed regulations revising the uniform premiums table (Table I) provided in current regulation §1.79-3(d)(2) used to calculate the cost of group-term life insurance coverage provided to an employee by an employer.

Internal Revenue Code §79 generally permits an employee to exclude from gross income the cost of $50,000 of group-term life insurance coverage. The remaining cost of the insurance is included in the employee's gross income to the extent it exceeds the amount, if any, paid by the employee for the coverage. The cost of the group-term life insurance is determined on the basis of five-year age brackets provided in the current regulation.

Proposed New Table - The proposed new table was developed based on information on the group-term life mortality experience of 13 issuers covering the period 1975-1979, as compiled by the Society of Actuaries, as well as other data on mortality trends. The uniform premium rates under the proposed revision, shown following, are lower in all age groups than the rates under the current regulations. Cost per $1000 or protection for one month

Effective dates

The proposed regulations are effective July 1, 1999. However, a special effective date rule applies to any life insurance policy under a plan in existence before the proposed general July 1, 1999 effective date if the policy would not be treated as carried directly or indirectly by an employer under regulation §1.79-0 using the current table. In such case, if the special rule applies, the policy would continue to be treated as not carried directly or indirectly by an employer until the IRS is interested in your written comments, which must be received by April 13, 1999. Comments are requested in particular on the proposed effective date and the clarity of the proposed rule and how it may be made easier to read.

Requests to speak and outlines of topics to be discussed at a public hearing, scheduled for May 6, 1999, must be received by April 15, 1999. The public hearing will be held in:

Room 2615, Internal Revenue Building
1111 Constitution Avenue, NW, Washington, DC.

Send submissions to:
CC:DOM:CORP:R (REG-209103-89)
Room 5228
Internal Revenue Service
POB 7604
Ben Franklin Station
Washington, DC, 20044

Comments also may be submitted electronically via the IRS Internet site at http://www.irs.ustreas.gov/prod/tax_regs/comments.html.

For more information regarding the proposed regulations, contact Betty J. Clary at (202) 622-6070. Regarding submissions and the hearing, employers may contact Michael Slaughter at (202) 622-7190. These phone numbers are not toll-free.

[64 F.R. 2164, 1-13-99].

Up to date and new information can quickly be accessed at the APA internet website: www.americanpayroll.org

 

April 1, 1999 NEW Mileage Rates become effective!!!
(Reduced to 31 cents per mile for business purpose)

 

April 15th, 1999 – Monthly Chapter Meeting
TOPIC: Record Retention

April 28, 1999 - The Minnesota Treasury Management Association will be holding its 17^th Annual Treasury Management Conference at the Minneapolis Convention Center. The conference theme is Building Our Way to the Future. The keynote speaker will be Connie Podesta, motivational speaker and author of "Self Esteem and the Six Second Secret".  Attendees can earn CCM credits, hear the latest in treasury management trends, and network with other treasury professionals. Dress will be business casual.

Registration information can be obtained by calling Kathy Grabowski at 612-577-0018. Questions regarding sponsorship or exhibition should be directed to the Conference Chair, Laurie Hrad at 612-540-9221.

 

May 18^th – 22^nd, 1999 – 17^th Annual National APA Congress - Las Vegas, Nevada

Sign up available on the APA Website or watch for Congress Brochures.

 

September 16^th – 17^th, 1999 – Northstar Chapter Annual Conference in partnership with International Association for Human Resources Information Management (IHRIM) Vendor Fair at the Minneapolis Convention Center!

Mark Your Calendars NOW !!!

September 13^th – 17^th, 1999 - National Payroll Week Celebration!

Watch for information on Educational Opportunities in the Community and how to get your Company or Organization involved.

 

Editor-In-Chief: Ann L. Johnson, CPP
Ann.l.johnson@gkservices.com
612) 912-5531
Fax (612) 912-5538