Multi-account payroll deduction available from LionCash+

January 07, 2009

A new LionCash+ payroll deduction feature allows Penn State employees to deposit money in up to six accounts.

In the past, Penn State employees could only fund their own LionCash+ accounts through payroll deduction. Now, in response to employee requests, the new LionCash+ payroll deduction feature allows employees to distribute a single payroll deduction amount into a maximum of five LionCash+ accounts in addition to their own.

Over 100 University employees take advantage of payroll deduction from LionCash+. The new feature will now make it easier for employees to fund LionCash+ accounts for family members who are attending or working at Penn State.

For example, a Penn State employee can request a payroll deduction of $125 from each paycheck and designate $50 to be deposited into the LionCash+ accounts of his or her two children who are Penn State students — and the remaining $25 will be deposited into his or her own account.

The amount deducted and how the deduction should be distributed can be securely updated any time online at http://www.idonline.psu.edu.

For further security, each time the deduction amount or distribution is changed, the employee is notified of the details by e-mail to his or her Penn State e-mail account. LionCash+ is accepted at hundreds of locations both on- and off-campus across the state. For more information on LionCash+, visit http://www.idcard.psu.edu/.

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Last Updated March 19, 2009