SEPTEMBER 2018 | VOLUME #156
The State of Alaska Division of Retirement and Benefits is proud to offer this learning opportunity to our partners who help support our mission of guiding Alaskans to lifetimes of well-being. Our goal for the 2018 employer conference is to provide exceptional education and create productive connections so we can all more effectively administer our shared retirement and benefit plans.
For more information on the 2018 Employer Conference including registration, schedule of events and discounts, click here.
Regional Counselors and Empower Retirement Representatives
will be traveling during the months of August-November, and February-June, 2018-19.
What can employers do
to make a site visit successful?
Below are tips for a successful visit. Check out our short list of recommendations that will make
a world of difference to your employees.
- Work with the Regional Counselor to establish the
best days for a site visit. Regional Counselors normally contact employers 1 to
2 months prior to the site visit.
- Determine how to utilize the time. Most employers don’t
know that Regional Counselors are able to provide both employee and employer
education. This could be one-on-one appointments or seminars.
- Notify the employees that counselors are on site.
- Keep a sign-up sheet to establish a working schedule. Most
field appointments with the Division of Retirement and Benefits representatives last about
20 minutes. If the representative is with our partners at Empower
Retirement, 30 minutes.
- Provide a private and quiet place for the meetings.
If you are not able to work with the Regional Counselor at
this time, let them know that you would like to be contacted for future site
visits or web-based presentations. We also offer short online educational videos at Alaska.gov/drb, that provide basic plan information for new
employees if you are unable to meet with a Regional Counselor right away.
The IRS urges everyone
who works as an employee and has income from other sources to perform
a Paycheck Checkup now. These individuals often need to pay
estimated or additional tax. This includes taxpayers who have certain types of
income from the sharing economy, interest, dividends, self-employment, capital
gains, or prizes and awards. A Paycheck Checkup can help these taxpayers avoid
an unexpected year-end tax bill and possibly a penalty when they file their
2018 tax return next year.
Individuals can do a
checkup using the Withholding Calculator on IRS.gov or read Publication 505,
Tax Withholding and Estimated Tax. This is especially important in 2018 due to
tax changes taking effect this year. These changes are part of the Tax Cuts and
Jobs Act.
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