Employer News | December 2018

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In This Issue

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Audit Section
(907) 465-5707

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(800) 232-0859

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Contact the editor with feedback. Archives are available. 

Employer Services


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Taxpayer Help After Natural Disasters


Each year, natural disasters leave widespread damage in their wake. In addition to property loss, disasters can have an impact on victims’ taxes. The IRS wants taxpayers to know that when a disaster strikes, the agency is there to help.

Resources available on IRS.gov include:

  • Around the Nation: Provides local tax news, including disaster relief information for specific areas.

  • Disaster declarations: A list of the latest disaster declarations and disaster-related tax relief.

  • Tax information about federally declared disasters: Special tax law provisions apply when the federal government declares a major disaster area. This relief can help victims recover financially after a disaster.

  • Information about faster refunds: Taxpayers may be able to get a faster refund from losses suffered in a federal-declared disaster area. Taxpayers can claim losses related to a disaster on the tax return for the previous year by filing an amended return.

  • Disaster relief resources: The IRS has many resources to help charities that provide disaster relief. There is also information on the Disaster Relief Resources for Charities and Contributions page for business and individual taxpayers who donate to charitable organizations.

PERS & TRS Publications Online

The latest Actuarial Valuation Reports and Audited Financial Statements for PERS and TRS are available online at the following links:

PERS Publications

TRS Publications

The PERS and TRS fiscal year 2018 Comprehensive Annual Financial Reports (CAFR) will be available by the end of the month or soon after.

To request a hard copy of these reports, contact the Division at (907) 465-5711 or email your request to doa.drb.accountants@alaska.gov.

A Note on Forfeiture Balance

Employers with a forfeiture balance will receive a monthly notification from the Division’s Accounting Unit. 

Please note: The notifications will reflect only contribution files that have posted in our system. If a contribution file has been submitted that has a forfeiture credit and has not yet been posted to our system, the notice you receive will not reflect that unprocessed contribution file. To request your current balance, please locate your payroll contact here.

Aetna's Teladoc Available to Those Affected by the November 30 Earthquake

Aetna’s Teladoc service has been extended to everyone affected by the November 30 earthquake. Teladoc lets you talk with experienced doctors by phone or video anytime, anywhere. To aid during this difficult time, Teladoc is offering access to general medical care at no charge for residents of the affected areas. To receive care, affected individuals should call the hotline or visit us online.

Call (855) 225-5032 | Visit Teladoc Disaster Hotline 

This service extends beyond current Teladoc eligibility and is available to any individual impacted during this time.

New Hires: Empower Beneficiary Forms—Change in Procedure

Effective February 1, 2019, Empower will move to all electronic beneficiary forms for the defined contribution plans. Paper forms will still be available to any members who prefer them, refer employees to Empower customer service if requested.

Please stay tuned for additional communication as we make this transition.

2019 Pension Plan Limitations

The Internal Revenue Service recently announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019. Many of the pension plan limitations will change for 2019 due to the increase in the cost-of-living index meeting the statutory thresholds that trigger their adjustment. Read More>>