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Adoption assistance, Section 125 treated as wages

Set up as Payroll Item with type of ADOPConfiguration/Item with Type as Adoption Assistance

• Included annuity type of Section 125 treated as wages
• Exempt from:
  • Federal taxation
  • Ohio taxation

• Not exempt from:
  • Medicare taxation
  • OBES ODJFS wages
  • SERS/STRS
• City taxations are according to whether or not the city honors annuities 

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• Not exempt from:
  • SERS/STRS 

Health Savings Accounts

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-Employer

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Amount

Set up as annuity in Payroll Item Configuration with Annuity Type = "I"

• Enter only board portions in Payroll Item records
• Exempt from
  • Federal taxation
  • Ohio taxation
  • City withholdings
  • Medicare
  • OBES reporting
  • SERS/STRS 

Insurance

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Amounts Paid to Annuity Company

• Exempt from:
  • SERS/STRS
  • Medicare taxation

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Set up as Payroll Item Configuration type of MSA Medical Savings

• Exempt from:
  • Ohio taxation
  • SERS/STRS
  • OBES reporting

• Not exempt from:
  • Federal taxation
  • Medicare taxation
• City taxation will be according to the 'Tax Employer Amount' flag in payroll item configuration

Medicare,

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Employer Pays Employee Share

Set up as 692/693 with Employer amount as 2.9%

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Set up as Payroll Item record with ANN typeType Annuity

• Exempt from:
  • Federal taxation
  • Ohio taxation
  • Medicare taxation
  • City taxation

• Not exempt from:
  • SERS/STRS 

SERS/STRS Employer Pickup

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- Annuitized

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Set up as 590/591 Payroll Item records

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• City taxation is according to whether or not city honors annuities

SERS/STRS - Non-annuitized

Set up as 400/450 Payroll Item records

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