Employer E-News Archives — 2015
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Variable Contribution Rates Now Available The Variable Contribution Rate (VCR) application has been updated for State fiscal year 2016 (April 1, 2015 – March 31, 2016). This application provides non-State employers with the contribution rates for their Tier 6 employees. This year, there is a new column for Tier 6 members whose rates will be based on earnings from two years ago. For fiscal year 2016, this “two-year look back” applies to members who joined during fiscal year 2013. The contribution rates for members who joined less than three years ago will still be based on the annual salary you provided to us on their membership applications. Please review the rates for your Tier 6 employees so the correct contributions are withheld for them.
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.
You Should Know: By participating in the Retiring Employees Acknowledgment 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.
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 9 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.
Partial Lump Sum Payments — Now Available for Certain County Positions Sheriffs, undersheriffs, deputy sheriffs and correction officers who file for service retirement are now eligible for partial lump sum (PLS) payments if they are covered by a plan that allows for retirement after 20 or 25 years of creditable service (regardless of age), but only if their employer adopts a resolution to offer this option. Please refer your employees to our PLS publication if they have questions.
New Consultation Site Schedule Online The January – June 2015 Consultation Site Schedule is now available on our website. Be sure to let your employees know about these new dates so they can schedule appointments with us accordingly.
You Should Know: The Annual Employer Invoice application allows you to view your most recent invoice safely and securely online. The application shows you the amount of contributions owed for the upcoming State Fiscal Year. If you haven’t already signed up, take a few minutes to learn about the program.