Employer E-News Archives — 2014
Sign up to make sure you receive the latest Retirement System news.
Variable Contribution Rates Now Available Non-State employers can log in to our Variable Contribution Rates online application to see the fiscal year 2015 rates for their Tier 6 employees. Remember to review these rates so you can ensure that your payroll system withholds the proper contribution amounts for these employees. State employers don’t need to use this application, as contribution information for their Tier 6 employees is updated automatically.
New Accounting Standards for the Retirement System & Our Employers New standards set by the Government Accounting Standards Board (GASB) will not affect how your contribution rates are calculated or how pensions are funded. However, the Retirement System will be following these standards. Visit our GASB presentation to learn more about them and when they take effect.
You Should Know: By participating in the Retiring Employees Acknowledgement Program (REAP), you can receive email notices of pending employee retirements and report final employee service, salary, and accrual information online. If you haven’t already signed up, take a few minutes to learn about the program.
Is Your Contact Information Up to Date? We send E-News and other important communications to designated contacts at your location. Is Retirement System information reaching the right people at your location? Email our Employer Services bureau any time you need to update your employer contact information.
Member Annual Statement Sorting Preference Between May and July, we send you Member Annual Statements to distribute to your employees. These will be sorted by registration number unless you request otherwise in your March monthly report. Refer to our February 7th email for more instructions. This alternative sorting service is not available for State agencies. Please email our Employer Services bureau if you have questions.
You Should Know: The Elected and Appointed Officials Reporting program (EAOR) lets you submit the Standard Work Day & Reporting Resolution and Affidavit of Posting online. This program is for non-State employers of elected and appointed officials. If you haven’t already signed up, take a few minutes to learn about the program.
Annual Invoice Reminder Remember to check your annual invoice online. The date to prepay at a discount has passed, so if you haven’t already submitted your payment, you will need to pay the full amount by February 1. Don’t forget — February 1 falls on a Saturday. Payments sent by certified mail with a postmark date on or before February 1 will be considered on time.
Read Employer Forum and Other Newsletters Online The current edition of Employer Forum is available on our website. This edition features articles on a fiduciary review of the Common Retirement Fund, how to calculate days worked for your elected and appointed officials and a new tax treatment for PFRS member contributions. Make sure your employees know they can find the current issues of The Update , our newsletter for active Employees’ Retirement System members, and The Sentinel , a newsletter for Police and Fire Retirement System members, online as well.
You Should Know The Retirement Adjustment Reporting (RAR) system allows you to submit online adjustments to your employees’ previously reported days worked, salary and contributions. In most cases, you won’t have to submit the paper adjustment report form to us. If you submit your monthly report online, you can use the RAR system. Please take a few minutes to learn about the program.