Invoice DEFINED BENEFIT (DB) MPSERS UAAL Rate Stabilization Amount
Michigan Office of Retirement Services sent this bulletin at 10/25/2013 03:04 PM EDT
Employer Communication -[[DATE_SENT]]
Your [[INV_MTH_YR]] MPSERS UAAL Rate Stabilization invoice is available below.Please follow the instructions provided to
remit payment to the Office of Retirement Services.
[[RU]] - OOOOOO
[[ADDR1]] [[ADDR2]]
no city available, [[STATE]] ,
Invoice DEFINED BENEFIT
(DB) MPSERS UAAL Rate Stabilization Amount
Line Line Name Amounts
A. Rate
Stabilization Amount DUE [[AMOUNT]]
B. Rate
Stabilization Amount DUE DATE [[DUE_DATE]]
Upon
receiving this invoice, please take the following actions:
Remit
payment through your normal payroll payment process by the due date indicated
above.
Payments
can be made either by ACH or check. However, payments made via ACH using the
online employer reporting website ensure fast and secure payment.
Enter the payment amount in the employer DB
contribution field.
Use the pay period end date of [[LAST_DAY_MTH]].
For ACH Payments:
ACH payment receipt type must be “Contributions and TDP”.
Enter the payment amount in the Employer
Contribution field.
Use the pay period end date of [[LAST_DAY_MTH]].
Failure to
comply with the required payment will result in your reporting unit falling
into retirement contribution shortfall. Any payment not made by the due date
will be subject to shortfall late fees and interest that ORS must, by
statute, charge for late and/or missing payments.
The
above invoice amount will be reflected on your [[INV_MTH_YR]] Employer Statement with a
payment transaction type of Manual Adjustment in the Payments Received
section.
Note: Your
reporting unit will not receive be billed or receive invoices in the months
of September and October.
