IUPUI is Indiana's premier urban research university. The campus enrolls more than 30,000 students in 21 schools and academic units.
Mission Statement
Functional Mission:
To facilitate accurate and efficient distribution of payments and the management of capital assets for departments, employees and vendors
while adhering to the federal, state, and University guidelines; ensuring the appropriate use of IUPUI funds.
Service Mission:
We are committed to providing accurate, dependable and respectful service that meets the needs of our campus and business communities.
Please review these important year-end reminders:
The 2% employee FICA tax "holiday", as passed by Congress and signed into law
on February 22, 2012, expires on December 31, 2012. Payroll
payments received starting on January 1, 2013 will revert back to the original
6.2% employee withholding rate for FICA.
This includes the December monthly
payroll which is paid on January 2, 2013 and the bi-weekly payroll paid on
January 4, 2013. FMS payroll will be processing these two payrolls in the next
few days, so they will reflect the additional 2% withholding. If the tax law
changes retroactively, FMS payroll will process adjustments to reflect the
change in a future payment.
Please refer to the following IRS webpage which describes the payroll tax cut
for 2012 only:
http://www.irs.gov/uac/Payroll-Tax-Cut-Extended-to-the-End-of-2012;-Revised-Payroll-Tax-Form-Now-Available-to-Employers
Monthly Paid Employees: Please share this information!
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Indiana University pays the December paycheck for monthly paid faculty and staff on the first business day in January.
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The December, 2012 paycheck will be paid on Wednesday, January 2, 2013.
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The November 30 paycheck will be the final paycheck in 2012 for monthly paid faculty and staff.
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Please take this into consideration if you have automatic withdrawals from your bank accounts and ensure that you have adequate funds to cover these withdrawals.
If you have questions, please
contact your payroll processor.
Thanks!
Quick News
Online W-2 moves to Onestart!
W-2s for 2011 will be delivered electronically through the Employee Center. This new, more convenient service replaces delivery through w2Express. Visit the Tax Information section of the Employee Center to consent or click here for more information: Online W-2
FICA Adjustment 2012:
The decision to extend the FICA 2% cut was not approved until AFTER the monthly
payroll (pay 1/3) was closed. As a result the FICA taken on that check was 6.2%.
To make the retroactive adjustment, it effectively reduces the amount of Social
Security to be withheld to 2.2% for the January 31st paycheck only. This
one-time adjustment will increase your
January 31st paycheck.
For anyone who 1/3/12 was their final check we will be
working with the tax area to issue refunds in early February. The table has been
changed now that the extension has been approved and the first biweekly pay will
be at the lower 4.2% FICA rate. The extension was only for 2 months, so we will
be revisiting these rates again at that point.
