Employer Reporting Working Group

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Presentation transcript:

Employer Reporting Working Group July 28, 2011

Welcome Today’s Agenda Legislative Update News from Retirement Services ESS – Show ‘N Tell Go-Live Dates to Remember

Legislative Update

What Changes? Public Law Key Items Effective 380: Budget Bill Normal Retirement Age COLA Proposal for New Plan Retiree Health & NRA Restoration to Service 06.20.11 449: MainePERS Optional membership Application required for GLI LOA premiums required 09.28.11 Resolve Ch. 56 Limit Use of SSN Adjusted Restoration to Service Date

From Retirement Services State Teacher PLD July 2011 72 735 52 August 2011 83 29 18 September 2011 78 36 10 Putting This in Perspective Finalizing the Benefit Payment I

From Retirement Services Online resources available to our members: New video Forms and Publications Group Retirement Sessions I www.mainepers.org

This Should Be You

Let’s Take A Break

ESS Show ‘N Tell

New MainePERS Employer Web Page ESS Show ‘N Tell New MainePERS Employer Web Page

Payroll Dates to Remember By Sept. 1st – Security Administrators named Sept. 15th – August payroll due date Oct. 3rd – Security Administrator logins & passwords Beginning of October – Go-Live October 17th – September payroll due date communicated Can you integrate ErS and GLI dates to remember using same flow as Employer Update?

Group Life Invoice

GLI Invoice Adjustments

GLI Invoice Detail

Group Life Insurance First V3 Invoice First Invoice = September Premiums Due Premiums due October 17 Monthly invoice reflects 1/12 of annual premium Make corrections on invoice adjustment sheet and mail with payment. Invoice # needed on payment for proper crediting Payment = Total Amount Due +/-Adjustment

Thursday, November 17th 1:30pm – 4:00pm Next Meeting Thursday, November 17th 1:30pm – 4:00pm

Employer Reporting Working Group Thank you Employer Reporting Working Group