Last month we announced a Change to Payroll Assessment Calculation for UCRP Supplement that was implemented on May 1, 2018. We have clarified with the UC Office of the President that the UCRP supplement interest expense should have been taken beginning with the first payroll period paid in April, necessitating correcting journals for the missed pay periods.
Prior to the general ledger month end close, the Payroll Office will submit five correcting journals to assess the UCRP supplement interest to all non-federal fund sources of covered compensation. The correcting journal ID for the assessment will be 10PRCCOPC where CC is the pay cycle (XX, B1, MO, etc.). For example, the PeopleSoft journal containing the UCRP supplemental interest that will post following the May monthly pay compute will be 10PRMOOPC.
If you have any questions about this assessment, contact the Controller's Office Solution Center.