Employer News | January 2019

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In This Issue

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Financial Condition of the Retirement Systems

Seal of State of Alaska

Each year, the Alaska Retirement Management Board (ARMB) must report on the financial condition of the state’s retirement systems. Per Alaska Statute 37.10.220(a)(13), this report must be given to the governor, the legislature, and the individual employers participating in the state’s retirement systems.

This letter from the Commissioner of the Department of Revenue, Bruce Tangeman (also a trustee on the ARMB), directs you to the location of audited financial statements, information on performance returns on each system, asset allocations, investment guidelines, policies and procedures, as well as monthly and year-to-date financial reports.

Social Security Administration—Fraudulent Phone Calls

The Social Security Administration (SSA) has become aware of reports of fraudulent telephone calls from individuals claiming to represent them. In them, unknown callers are using threatening language to warn unknowing victims that they will be arrested or face other legal action if they fail to call a provided phone number or press the number indicated in the message to address the issue. In some instances, these unknown callers switch tactics and communicate that they want to help an individual with activating a suspended Social Security number. Such calls are a scam and are not coming from official SSA representatives.

The SSA encourages sharing this information so that you may inform your members and extended networks not to engage with such callers, and to report any suspicious calls to the Social Security’s Office of the Inspector General by calling (800) 269-0271 or by submitting a report on the OIG website. They also urge you to read and share our Social Security Matters blog, which provides more information on the nature of these fraudulent calls, as well as instructions on how to report such activity.

The Social Security Administration is committed to protecting the privacy and security of the people we serve. We appreciate your help in spreading the word about this important topic.

Send Federal Form SSA-1945 via Email

The SSA-1945 form explains the potential effects of two provisions in the Social Security law for workers who also receive a pension based on their work in a job not covered by Social Security. The Windfall Elimination Provision can affect the amount of a worker’s Social Security retirement or disability benefit. The Government Pension Offset Provision can affect a Social Security benefit received as a spouse, surviving spouse, or an ex-spouse.

The SSA-1945 form is now being securely accepted via email at the following address: doa.drb.audit@alaska.gov.

Earthquake and Federal Filing Deadlines

Federal filing deadlines remain the same for employers who may have been affected by the recent earthquake. The State Social Security Administrator has been in contact with our IRS liaison in Seattle. They are monitoring federal disaster declarations and will notify the State immediately if any employer or personal filing extensions are granted.