Reform Alert # 44 – Effective Dates for Reporting Member Benefit Election Choices

Michigan Office of Retirement Services sent this bulletin at 01/11/2013 09:05 AM EST

MPSERS reform

January 11, 2013

Reform Alert # 44 – Effective Dates for Reporting Member Benefit Election Choices

Reporting contribution changes for all member benefit plan elections are effective with your retirement reporting pay period with a start date on or after February 1, 2013. You are required to report wages when they are paid, not when they are earned, so you will begin withholding the new contributions for the first pay period that will be reported with a begin date of February 1, 2013, or after. Some reporting units may need to withhold the new contribution rates prior to February 1, 2013.

Use your Payroll Calendar to determine which pay period you will need to begin withholding the new contribution rates.

Example:

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.