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FSA Payroll Specifications Provided to Agencies
A Benefits Administration Letter has been sent to agency payroll offices with additional guidelines for the deduction and remittance of FSA allotments. These guidelines are designed to provide the information they will need to make software or other system enhancements necessary to implement correct payroll processing for this program. See BAL 03-306 of March 31, 2003. [160 KB]
Added March 31, 2003
FSA Program Administrator Announced
We have awarded a contract to SHPS Inc., of Louisville, Kentucky, to administer the FSA program. SHPS Inc., manages nearly a million FSAs and similar accounts for state and local governments, the Federal judiciary, Fortune 500 companies and other clients. Press release.
Added March 17, 2003
Briefing on Current Status of FSA Program
On March 11 Frank Titus, OPM's Assistant Director for Insurance Services, made a presentation to a meeting of agency headquarters Benefits Officers on the current status of the FSA program, and some of its key features.
Added March 12, 2003
Preliminary Information on FSAs Issued to Payroll Offices
We have issued preliminary information on Flexible Spending Accounts to payroll offices so that they may begin to plan for implementation. The introductory material in this BAL contains additional details on the program of interest to HR personnel. See BAL 03-301 of January 9, 2003 [162 KB].
Added January 10, 2003