Generally
All full-time unclassified and classified employees will be given the opportunity to obtain a complimentary ticket for each University-sponsored regular season event held on campus. To claim the complimentary ticket, a valid PSU photo identification card must be presented at the Ticket Office in the Overman Student Center prior to the event or at the gate prior to each game.
According to IRS regulations, the value of the complimentary tickets received is considered a taxable fringe benefit. The value of your complimentary tickets will be reported to HRS to be included in your taxable income. The value that will be reported is the full value of each ticket less the employee's 20% employee discount (see Discounted Football Tickets, below). The value of the complimentary ticket(s) will increase the amount of taxable income used to compute deductions for federal and state taxes, Social Security and Medicare, and KPERS retirement that are withheld from the employee's paycheck. The employee's department will also pay Social Security and Medicare, unemployment insurance, workers compensation insurance and KPERS on the value of the complimentary ticket(s).
The value of the ticket(s) will show on the employee's pay stub as a taxable fringe benefit. It will also show on the W-2 for the calendar year.
CAUTION: Retirees who are eligible for the complimentary tickets should be sure that the value of the ticket will not affect their Social Security maximum earnings limits!
Discounted Football Tickets
In addition to complimentary ticket(s) for home regular season football games in Carnie Smith Stadium, employees will be able to purchase prior to game day up to four (4) additional tickets per event at a 20% discount. For example, an employee may purchase a ticket that costs $10.00 for $8.00 ($10.00 * 80%). The value of the 20% discount on these discounted tickets is not a taxable fringe benefit.
Full-Priced Tickets
There is no limit to the number of tickets employees may purchase at the full price.
