Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 07/19/00 12:44 PM -----

	Apollo and Beyond@ENRON
	Sent by: Enron Announcements@ENRON
	07/14/00 11:49 AM
		
		 To: All US Enron Employees
		 cc: 
		 Subject: New Paycheck Information!


Introducing your first SAP Paycheck!

This is the first payroll processed in SAP for all employees paid out of 
Corporate Payroll. You may notice some changes in the way information is 
reflected on your pay advice, the most common are itemized below.

What,s Different?
? Your +home, cost center will be displayed at the top of the pay advice. 
This is your department number as designated in the HR and financial modules 
of SAP.

? Any earnings descriptions that start with a +P, represent earning types 
reported in the prior period. For instance, if you reported vacation time for 
the July 1st-15th pay period, it will be reflected on your July 31st pay 
advice as +PVacation,.

? Flex dollars will appear on the earnings section of the pay advice instead 
of as a credit in the deduction section. The various benefit deductions will 
remain itemized in the deduction section.

? If you transfer between Enron companies during the year, your year)to-date 
totals will carry forward to the new company pay advice. Previously, the 
year-to-date totals started over when transferred to another company. This 
change will provide your total Enron earnings and deduction amounts on your 
pay advice throughout the year.  (Note that your W2 at the end of the year 
will reflect your earnings by company).

? For salaried employees, any reported exception time (e.g. vacation, sick 
day, etc.) will be reflected on the earnings section with hours only, the 
related dollar amount will be included in the +Salary, earnings type. 

? For any other information or further explanations regarding your payroll 
contact the Payroll Call Center at 713-345-5555



Payroll FAQ,s

My paycheck has a line called &other deductions8, what does that stand for?
There is a fixed amount of lines to print deductions on the paycheck.  For 
some employees, the number of deductions are more than we have room to 
print.  In this circumstance, the system totals all remaining deductions and 
prints them on one line ) titled &other deductions8.  The detail of all 
deductions can be viewed on the pay advice that is displayed on the intranet 
at eHRonline.enron.com.

What do the earnings or deduction codes on my paycheck mean?
These definitions are listed on the Payroll webpage located at 
hrweb.enron.com, select Enron Payroll  from the side index.

Why is my overtime not reflected on my paycheck?
Overtime is paid one pay period in arrears, therefore it will be reflected in 
the next pay period. For example, if you reported overtime for the 
July 1st )15th pay period, it will be reflected on your July 31st pay advice 
as +POvertime,.

What is the limit for Social Security (FICA)?
For year 2000 the limit is $4,724.40 on a wage base of $76,200. This limit is 
applied to each Enron payroll tax company. Therefore, if you transfer to 
another Enron company these limits will start over, however, the total amount 
withheld across all companies will be reflected on your paystub. Excess FICA 
will be credited to you by the IRS via your tax return.

What federal income tax rate is used for my bonus or when I exercise stock 
options?
There is a standard federal income tax rate of 28% for these earnings. This 
can be higher if the employee has completed a Supplemental Tax form 
requesting a higher rate (this form can be found at hrweb.enron.com , select 
Enron Payroll  from the side index).