OSPS E-News ~ 2021 Basic Life Premium

[Announcements from OSPS to the users of the Oregon State Payroll Application]

Payroll professionals,

As previously mentioned in forum, the Basic Life premium rate will increase starting in plan year 2021. The new rate is now $1.60.  When forcing basic life, the breakdown is as follows:
1% plan, SL1N, employee share: $.02, employer share: $1.58.
5% plan, SLNN, employee share: $.08, employer share: $1.52

You can find all the updated rates on the 2021 forced insurance worksheet located on our website:
https://www.oregon.gov/das/Financial/Payroll/Pages/processingtools.aspx



Thank you,

Vangie Barizo
System Analyst
Oregon Statewide Payroll Services
155 Cottage Street NE, Salem, OR 97301
971-900-7628 (Cell)




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