PAYROLL DEDUCTIONS

1.

Withholding tax - Federal income tax is withheld in accordance with declared IRS guidelines based upon your earnings and the number of exemptions in your IRS W-4 statement.

2.

Social Security - This deduction amounts to 7.65 percent of salary until the total salary for the calendar year reaches the social security maximum.

3.

Insurance - This deduction amounts to approximately 25 percent of premium in comprehensive plan plus 100 percent of optional or special coverage.

4.

Credit Union - This deduction is based on the individual's request and may be in any amount authorized by the employee.

5.

Permanent Plan - This deduction represents an optional additional premium paid by the employee to convert the life insurance portion of the State Plan from term to whole life insurance. (This option may be elected after completion of five years continuous service.)

6.

Long-Term Disability Insurance - This deduction is available to full-time employees who work 30 hours or more per week on a regularly scheduled basis. Premiums for this insurance are based on the participants age and salary.

7.

Cancer Insurance - This deduction includes intensive care and life insurance and is based on individual units of insurance purchased.

8.

Tax-Sheltered Annuities - This deduction is based on individual payroll deduction authorization for payment to officially approved companies.

9.

Annual Fund - This deduction is based on the amount designated by the employee per the annual fund deduction authorization form.

10.

U. S. Savings Bonds - This deduction is based on a Series EE Bond, with denomination face value ranging from $50 to $1,000.

11.

United Way- This deduction is based on the amount designated by the employee.