 June, 2013 | Volume #96
This is the official Employer Contribution Rate Notice, only available electronically - you will not be sent a hardcopy
A. FY 2014 Employer Contribution Rates:
- Defined
Benefit (DB) – PERS Tier I / II / III & TRS Tier I / II
- Defined
Contribution (DCR) – PERS Tier IV & TRS Tier III
- Allocation
of Pension and Other Post-employment Healthcare Benefits (OPEB)
-
PERS
Past Service Cost rate
B.
Annual
actuarial valuation and plan financial statements:
- PERS valuations
- PERS financials
- TRS valuations
- TRS financials
Download Employer Contribution Rate Notice [PDF]
Whether your clients need a Social
Security card or a Social Security number printout, they must show us documents
to prove their:
- Identity
- Age
- U.S. citizenship or
lawful immigration status
Before sending clients to a Social Security office, please direct them
to SocialSecurity.gov. There, your clients will
find a list of documents they must bring to our office.
 Your clients also may want to take a
look at the specific online fact sheets and publications that address the
requirements for getting a printout or card. Also available at SocialSecurity.gov,
they include:
- U.S. Citizen/Adult —
Social Security Card And Number Printout (SSA Publication No. 05-10512)
- U.S. Citizen/Child —
Social Security Card And Number Printout (SSA Publication No. 05-10514)
-
Non-U.S. Citizen/Adult — Social Security Card
And Number Printout (SSA Publication No. 05-10515)
Employers and third parties can find out how to
verify Social Security numbers at SocialSecurity.gov/employer.
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Fiscal Year 2013
The Division of Retirement and
Benefits will apply Fiscal Year 2013 PERS and TRS employer on-behalf
funding, provided in House Bill (HB) 284 [PDF] (Operating Budget -
Section 27), to payrolls received in our office by July 15, 2013. Fiscal year
2013 covers payrolls containing payroll end dates from July 1, 2012 to June 30,
2013.
After the July 15, 2013 cutoff has
been reached and all applicable payrolls have been processed, the Division will
complete the annual on-behalf funding true-up. We anticipate sending employer
on-behalf year-end statements to include the true-up by early August, 2013 via email.
Fiscal Year 2014
On-behalf funding for PERS employers
for Fiscal Year 2014 (FY14) is provided by House Bill (HB) 65 [PDF] (Operating Budget -
Section 29), passed during the 2013 legislative session and recently signed
into law. The bill provides a set amount of funding to reduce the PERS Employer
Effective Rate to 22 percent and the TRS Employer Effective Rate to 12.56
percent for FY14.
For PERS and TRS employer on-behalf
funding provided in HB 65, the Division of Retirement and Benefits will apply
payments for payrolls through pay period end date June 30, 2014. Fiscal year
2014 (July 1, 2013 to June 30, 2014) payrolls must be received in our office by
July 15, 2014, to be processed with HB 65 employer on-behalf funding.
This funding is applied with the
processing of each employer payroll. Employer on-behalf funding statements will
be sent via email to payroll or finance contacts.
On-Behalf Funding Contacts
On-behalf funding questions or statement copies:
All other questions:
Frequently Asked Questions from
Employers to the Division
When do school district PERS members
enroll in the Alternate Option? Are elections to participate retroactive?
It is extremely important to submit a
change form for the Alternate Option when an employee is eligible. Employees
are eligible to change their election only from July 1 through September 30 of
each year. If they do not change their election (if eligible) during this time
period, they will need to wait until the following year. See the definitions
below to ensure your employees are correctly enrolled in the Alternate Option:
 New Hire
Someone who was not working for a
school district on July 1, 1999, or someone who first became a member on or after
July 1, 1999, may, within 90 days of date of hire, make an election. AS
39.35.300 (c) and AS 39.35.310 (c).
Re-Employed
Someone who was working for a school
district, who was inactive on July 1, 1999, and later reemployed, may, within
90 days of date of hire, make an election. AS 39.35.300 (c) and AS 39.35.310
(c).
Change in Status
You may make an election during the
period July 1 through September 30 if your position went from working 12 months
to less than 12 months. AS 39.35.300(e) and AS 39.35.310 (e). You may make an
election during the period July 1 through September 30 if your position went
from working less than 12 months to 12 months. AS 39.35.300 (d) and AS
39.35.310 (d).
An election to enroll in the
Alternate Option made between July 1 and September 30 is effective July 1 of
the current school year. It cannot be made retroactive to a prior school year
even if the employee’s status changed before the current school year.
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Verifying PERS Service for Non-Certificated Employees
Electing the Alternate Option
Effective with the school year
beginning July 1, 1999, non-certificated employees of a school district who
work less than 12 months in a full or part time position can elect to have
their PERS service credit calculated under the TRS (AS 14.25.220 (47))
definition of "year of service."
A full year of membership credit is
earned if the member works at least 172 school days between July 1 of one year
and June 30 of the next year. If a member works six hours or more per day, the
service is considered full-time.
Part-time eligibility to participate
in the PERS is determined using PERS statutes. The member must be regularly
scheduled to work a minimum of 15 hours per week. Part-time service under the
alternate option is prorated against a six hour day, the PERS full-time
equivalent.
For further information, please
contact the Regional Counselor for your area.
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