Reform Alert #10 - Reporting New Employees Who First Work On or After September 4, 2012

Michigan Office of Retirement Services sent this bulletin at 09/14/2012 06:34 PM EDT

MPSERS reform

September 14, 2012

Reform Alert #10 - Reporting New Employees Who First Work On or After September 4, 2012

For new employees who first work on or after September 4, 2012, you will need to report using the Pension Plus benefit structure until December, 2012, when system enhancements will provide new benefit structure changes for the Employer Reporting website. This is for employees who elect to stay in the Pension Plus Personal Healthcare Fund (PHF) plan or the straight Defined Contribution (DC) Personal Healthcare Fund (PHF) plan with the New Hire Retirement Plan Election form (R0940C).

To report these employees, use the standard process for reporting a Pension Plus member until the system enhancements provide you with correct file layouts for the new plan in December, 2012. You will need to send a Detail 1, Detail 2, and Detail 4 record for all new members with accurate wage and contributions.

For new employees who elect the new straight Defined Contribution PHF plan, you must follow additional steps and reporting requirements to ensure accurate wage and contribution records are provided to ORS.

Once you have uploaded your report to the Employer Reporting Website, you may need to edit each new employee’s records to provide ORS with accurate contribution information.

New reporting instructions are on the Employer Information Website under 2012 Retirement Reform > Reporting Updates.

If you have any questions, please contact ORS_Web_Reporting@michigan.gov.

State of Michigan | Department of Technology, Management & Budget | Office of Retirement Services
P.O. Box 30171 | Lansing, MI 48909-7671 | www.michigan.gov/psru

Please do not reply to this email. This mailbox is not monitored and you will not receive a response. For assistance, contact ORS_Web_Reporting@michigan.gov.

The retirement plan information that appears in this email is intended to summarize basic provisions of Public Act 300 of 1980, as amended. Current laws, rates, and factors are subject to change. Should there be discrepancies between the information reflected here and the actual law, the provisions of the law govern.