Employer News | May 2016

Having trouble viewing this email? View it as a Web page.

Find us on Facebook Find us on Twitter
Right-click here to download pictures…
In This Issue

Upcoming Seminars



Audit Section
(907) 465-5707

Financial Education and Advice Services
(800) 232-0859

Member Services Counseling Services
(907) 465-4460

Member Services Contact Center
(907) 465-4460

Contact the editor with feedback. Archives are available. 

Online Services


Payroll Processing

yellow graphic line

May | VOLUME #129

EmCon 2016 Tentative Agenda Available


Are you considering attending EmCon 2016? To ensure employers have ample time to plan for October, we have provided a tentative agenda for the conference on our website.

Plan ahead—registration for EmCon 2016 begins in August!

If you have any questions, please contact Kathy Lea, Chief Pension Officer, at kathy.lea@alaska.gov or (907) 465-3226.

Changes to HRA True-Up Process and Report

Alaska Division of Retirement and Benefits

In late April, the Division notified employers that the HRA True-Up report had been removed from eReporting. The Division is currently working to modify the report to account for some issues that had been discovered related to negative balances. We anticipate the report to be available on eReporting towards the end of June 2016. The Division will provide notification once the report is available, as well as instructions on how to read and use the revised report.

Back to Top

New and Improved Employer Reporting Tool Coming in 2017

The Division continues to make strides towards developing a new and improved employer reporting tool. We continue to receive valuable input from employers. We anticipate that the new reporting tool will be available for preview at the Employer Conference in October 2016. As part of the preview, the Division will highlight the new record layout as well specific changes (like SBS reporting, for those employers that participate) that will impact future employer reports when rolled out. Roll out of the new tool is anticipated to be January 2017.

Back to Top

Social Security Credits


Social Security credits are the “building blocks” used to determine whether an individual has the minimum amount of work to qualify for each type of Social Security benefits. No benefits can be paid if you do not have enough credits.

Prior to 1978, employers reported earnings every three months or quarterly. Back then, employees got a credit if they earned at least $50 in a quarter.

The amount of earnings it takes to earn a credit has changed over the past 38 years. Today, employees must earn $1,260 to get one Social Security credit and must earn $5,040 to get the maximum four credits for the year.

The number of credits needed for retirement benefits depends on your date of birth. If you were born in 1929 or later, you need 40 credits or 10 years of work.

To find out how many Social Security credits you have, contact your local Social Security Administration office or visit SSA.gov and open a "my Social Security" account.

Back to Top