PUBLIC EMPLOYEES RETIREMENT SYSTEM MONTHLY PAYROLL REPORT INSTRUCTION SHEET

Similar documents
Consolidated Public Retirement Board

QUARTERLY REPORT OF CONTRIBUTIONS (ROC)

Amended Marijuana Excise Tax Form

Section 15 Direct Debit Payment

VILLAGE OF CROOKSVILLE INCOME TAX RETURN FOR THE CALENDAR YEAR 2012

Form 941 for 2017: All You Need to Know Presented on Thursday, September 28, 2017

WHAT YOU NEED TO DO TO APPLY FOR A LOAN FROM THE WV TEACHER RETIREMENT SYSTEM OR THE DEPUTY SHERIFF RETIREMENT SYSTEM

Section 7 - Contributions to the Plan

4 - Reporting Wages & Contributions

How to Submit Contributions to Your Retirement Plan

"Board", when used in the following sections refers to the West Virginia Consolidated Public Retirement Board.

Section 8 Remitting Contributions

Chapter 7 Contribution Reporting

This booklet contains: FORM 140ES WORKSHEET

Instructions for Completing GASB 68 Conversion

Direct Deposit Instructions

Questions and Answers About Payroll Transition as of 11/14/18

CITY OF STERLING SALES & USE TAX RETURNS IMPORTANT SALES TAX INFORMATION KEEP THIS BOOKLET CONTENTS

Chapter Three Contribution Remittance

Quick Start Guide To Report 401k Contributions Online

Oregon Domestic Combined Payroll. Tax Report. Oregon Department of Revenue

PLAN A MONTHLY REPORT OF EARNINGS AND CONTRIBUTIONS RATES EFFECTIVE 7/01/17 THROUGH 6/30/18 REPORT DUE BY 10TH OF MONTH SAMPLE

Volunteer Income Tax Assistance (VITA) Session 2017 Tax Year Georgia Form 500 with Form 1040NR

Not Applicable. Not Applicable. Not Applicable. Not Applicable Not Applicable. Not Applicable

2008 KANSAS. Fiduciary Income Tax. Forms and Instructions. Page 1

WV Public Employees Retirement System IMPORTANT NOTICE

E-Remittance How-to EMPLOYER REPORTING INSTRUCTIONS

Episcopal Church Lay Employees Defined Contribution Retirement Plan. Employers Guide

West Virginia Nonresident COMPOSITE Return 11. Period Ending: Name of S Corporation, partnership, estate, or trust.

Important Approaching Deadlines Please make note of these important approaching deadlines for calendar year plans:

MANDATORY PROVIDENT FUND SCHEMES AUTHORITY

INSTRUCTIONS FOR COMPLETING THE REVENUE TRANSMITTAL FORM (PMRB-20)

Micropay Professional

Heavy Highway Vehicle Use Tax Return For the period July 1, 2017, through June 30, 2018

Cygan Hayes, Ltd. Certified Public Accountants

Depending on your setup, the toolbar may include several items. These items operate uniformly throughout HKWorks.

General Administration Questions

Retirement Compensation Arrangements Guide

Student Loan Deduction Tables

ACS YEAR-END FREQUENTLY ASKED QUESTIONS. General Ledger

AIA MPF Contribution Guide

Transaction Levy for Ontario Firms

Important Approaching Deadlines

AIA MPF Contribution Guide

Plan Administrator Guide

Revised final 1/29/18

3rd Quarter 2006 ONLY

Benxpress. Once you are logged in a black welcome 2016 enrollment screen will pop up

LEARN ABOUT YOUR CHECKING

Chapter 23 Performance Evaluation for Decentralized Operations Study Guide Solutions Fill-in-the-Blank Equations. Exercises

Frequently Asked Questions and Next Steps to Retirement

Statement of formulas for calculating Higher Education Loan Program (HELP) component

Enterprise Zone Annual Report due by June 30, 2018

Purchasing Plan Instructions

Personal Income Tax Forms and Instructions NEW FOR TAX YEAR 2008

Smart Tuition Addendum

COBRA Premium Subsidy Guide for QuickBooks

DELAWARE COMPENSATION RATING BUREAU, INC. DELAWARE CONSTRUCTION CLASSIFICATION PREMIUM ADJUSTMENT PROGRAM (DCCPAP)

2017 CITY OF BIG RAPIDS 2017 EMPLOYER S WITHHOLDING TAX FORMS AND INSTRUCTIONS

2016 CITY OF BIG RAPIDS 2016

IRS FORM 941. Instructions: Select any any line or box for IRS instructions and QuickBooks information and troubleshooting steps.

Severance Tax. Table of Contents

IRS FORM 940. Instructions: Select any any line or box for IRS instructions and QuickBooks information and troubleshooting steps.

YES Remit - Frequently Asked Questions

Retirement Concordia Retirement Savings Plan Administrative Guide. For Employers enrolled in the CRSP

Vermilion County, Illinois. Payables Manual. November 2015 Edition

Debtors Account Validity Help

Electronic Funds Transfer Guide. Automated Clearing House (ACH) Credit Method Application Form and Instructions Included

JOB AID: INCOME PAGES

F-1120 on or after January 1, 2009.

E-Commerce Enrollment

Chapter 6 Contribution Remittance Overview

APPLICATION FOR CHANGE OF CONTROL (CHANGE IN ORGANIZATIONAL STRUCTURE) Category 1 (Single or Multiple Institution(s)) A. APPLICANT INFORMATION

Attention; Benefits/Human Resources office - Please send completed form to our address or fax number. Questions?

Newark Income Tax Office Payroll Withholding


File your 2017 EIT Act 32 Final Return(s) Online - Go to tax.com/eitfinal - If paying online use ecode CWF.

End of Payroll Year Guide 2015 How to use your software to process your end of payroll year tasks

Weekly tax table. Schedule 2 Pay as you go (PAYG) withholding NAT Including instructions for calculating monthly and quarterly withholding

WISCONSIN STATE INCOME TAX WITHHOLDING FOR MONTHLY PENSION BENEFITS

ENTERING DATA INTO WORKSHEETS IN TEAMS. To get to the budget planning worksheet in TEAMS, from the TEAMS Home Page, in the search box:

Pataskala JEDD Income Tax Payroll Withholding

CODE 403(b) CHURCH PLAN ADOPTION AGREEMENT #004

State of Maryland Department of Labor, Licensing and Regulation Division of Unemployment Insurance Contributions Unit

Group Term Life Insurance and Disability Income Insurance

Reconciliation Guide WSIB S. Save this guide for reference during the year! ASSISTANCE FOR EMPLOYERS

Forms & Instructions

2017 City of GraylinG individual income tax returns (Resident and Nonresident)

QUESTIONNAIRE. 1. Authorizing statute(s) citation West Virginia Code t

CAF INVESTMENT ACCOUNT Investment Funds Transfer Form

T4032-QC, Payroll Deductions Tables EI, and income tax deductions Quebec Effective January 1, 2018

F-1120 INSTRUCTIONS. What s Inside. Florida Department of Revenue

Form 941/C1-ME. Questions regarding: Important

Real Planning. Real Solutions. That s Our Calling Guide to Benefits Administration

NEW YORK STATE TEACHERS RETIREMENT SYSTEM LOAN BILLING PROCEDURES

SECTION 3 PAYROLL REPORTING OF SECTION 3 CONTRIBUTIONS

THE 2014 PERSONAL INCOME TAX RETURN IS DUE APRIL 15, West Virginia. PERSONAL INCOME TAX Forms and Instructions

Tax table for daily and casual workers

This is not a current year tax form and cannot be used to file a 2009 return. If you use this form for a tax year other than is intended, it will not

2017 COMPOSITE RETURN INSTRUCTIONS

Transcription:

PUBLIC EMPLOYEES RETIREMENT SYSTEM MONTHLY PAYROLL REPORT INSTRUCTION SHEET Please complete all forms in blue ink. Always send original forms to PERS. Please write neatly and clearly. DETAILED TRANSACTION REPORTS Ensure Social Security Numbers and Names are correct and listed in alphabetical order on the appropriate detailed transaction report. List each member's monthly gross compensation paid in the month being reported. List each member's retirement deductions withheld. Must be 4.5% of gross compensation for Tier I members first hired and first participates prior to July 1, 2015 and 6.0% of gross compensation for Tier II members first hired and first participates on or after July 1, 2015. List number of hours worked if employee is hourly. List number of days worked if employee is salaried or elected. Total the compensation column, the employee retirement deduction column and the #hours worked column on each detailed transaction report. MONTHLY RETIREMENT REPORTS (coversheets) State of West Virginia Two Monthly Retirement Reports: Tier I for covered employees first hired and first participates in PERS prior to July 1, 2015 4.5% employee contribution rate. Tier II for covered employees first hired and first participates in PERS on or after July 1, 2015 6.0% employee contribution rate. Complete Name and Address of Employer, Employer No. (X ), Contact Person, Email, & Telephone Number on each Monthly Retirement Report. List the number of contributing employees on each Monthly Retirement Report. (Refer to the PERS Participation Requirements Flowchart to determine participation requirements). If you do not have any TIER II employees, complete top part of report, write NA on number of employees and submit report. Line 1: Record total gross compensation from the Detailed Transaction Report for each TIER on the appropriate Monthly Retirement Report. Line 2: Record total employee contribution deductions from the Detailed Transaction Report for each TIER on the appropriate Monthly Retirement Report. Line 3: Use only for adjustments required by PERS on each Monthly Retirement Report. Do not use for rounding. Line 4: Total Employee Contributions Remitted (Line 2 + Line 3) on each Monthly Retirement Report. Line 5: Record total employer contributions remitted (must be 11.0% of total gross compensation (Line1). *Note: To check accuracy, multiply gross compensation by 11.0%. Total employer contributions remitted must be no more than 1 cent off for each contributing employee. Line 6: Use only for adjustments required by PERS. Do not use for rounding. Line 7: Total Employer Contributions Remitted (Line 5 + Line 6) on each Monthly Retirement Report. Line 8: Total Remitted (Lines 4 + Line 7). Must match amount of check(s). Complete the Certification and Signature section at the bottom of each Monthly Retirement Report. Signature stamps will not be accepted. Signatures must be originals and in blue ink. SUBMITTING REPORTS Send original Monthly Retirement Report, the Detailed Transaction Reports and check(s) to: Public Employees Retirement System P. O. Box 40539 Charleston, WV 25364

State of West Virginia PUBLIC EMPLOYEES RETIREMENT SYSTEM MONTHLY RETIREMENT REPORT TIPS & REMINDERS There are two tiers in the Public Employees Retirement System. Tier I: Employees first hired and first participaties in PERS prior to July 1, 2015 (4.5% of gross compensation) Tier II: Employees first hired and first participates in PERS on or after July 1, 2015 (6.0% of gross compensation) To ensure that members receive the correct amount of credited service, your Monthly Detailed Transaction Reports must include the number of hours worked for hourly employees, and the number of days worked for salaried and elected employees. Do not leave this section blank on your Detailed Transaction Reports. Total each column on each Detailed Transaction Report: gross compensation, employee retirement deductions and #hours worked. The Employee Contributions Withheld (Line 2) on each Monthly Retirement Report and the total employee retirement deductions from each Detailed Transaction Reports must match to-the-penny. If off by even one cent, plan rules require that an adjustment be made. Lines 3 and 6 on the Monthly Retirement Report are to be used for adjustments requested by PERS only. Do not use to correct rounding errors. In the event an adjustment is requested by PERS, you must take the credit and/or debit on the next submitted report following receipt of the invoice in the COMPASS system. All monthly payroll contribution remittances must be received by PERS by the 15 th of the following month to avoid delinquency surcharges. If the 15 th falls on a weekend or holiday, the due date will be the next business day. (Example: January s report is due on or before February 15 th ) Signature stamps are not permitted. Reports must be signed in blue ink only. Forms are available for download from our website at www.wvretirement.com. Be sure to choose the Public Employees Retirement System and then click on Forms link. You are not required to use the blank Monthly Detailed Transaction Report. You may instead, submit a print out from your payroll system so long as the data contains the same required information. (Information listed by 4.5%, then alphabetical order on one list; listed by 6.0%, then alphabetical order on second list). Contributions should be withheld and remitted only on compensation paid to a member in the month being reported. Any one-time flat or lump sum payment or any payments that are not guaranteed to be paid to members on a regularly scheduled basis are not considered compensation and, therefore, contributions must not be withheld and remitted to PERS.

State of West Virginia Please return completed form, back-up documents, and check(s) to CPRB. Attention: Employer Reporting Section All forms must be completed in blue ink. PUBLIC EMPLOYEES RETIREMENT SYSTEM MONTHLY RETIREMENT REPORT TIER I 4.5% EMPLOYEE CONTRIBUTION RATE Name and Address of Employer: Contact person: Employer No. Month/Year No. Contributing Employees Telephone No. Email: 1. GROSS COMPENSATION of Covered Employees $ First hired and first participates in PERS prior to July 1, 2015 2. EMPLOYEE Contributions Withheld (4.5% of Gross Compensation) $ (Must match total on detailed transaction report exactly) 3. Employee Adjustment Amount $ 4. TOTAL EMPLOYEE CONTRIBUTIONS (Line 2+Line 3) $ 5. EMPLOYER Contributions (11.0% of Line 1) $ 6. Employer Adjustment Amount $ 7. TOTAL EMPLOYER CONTRIBUTIONS (Line 5 + Line 6) $ 8. TOTAL REMITTANCE (Line 4 + Line 7) $ REPORT DUE ON OR BEFORE THE 15 TH DAY OF THE MONTH FOLLOWING THE MONTH REPORTED. MAKE CHECK(S) PAYABLE TO: WV PUBLIC EMPLOYEES RETIREMENT SYSTEM I,, Executive Officer of the Payroll Record of do hereby certify that the above report, together with all continuation sheets attached thereto, is a true, correct, and accurate record made from our payroll records. Given under my hand this day of, 20. Signed by:.

West Virginia Public Employees Retirement System Monthly Detailed Transcation Report Employees first hired and first participates in PERS prior to July 1, 2015 TIER I 4.5% EMPLOYEE CONTRIBUTION RATE Employer Number Month Year Pay Period Starting Pay Period Ending Social Security Number Name of Employee List employess in alphabetical order Gross Compensation Employee Retirement Deduction (4.5%) # Days (S & E) # Hours (H) Code E=Elected S=Salary H=Hourly EXAMPLE: 123-45-6789 Doe, John L. $1,000.00 $45.00 160 H TOTALS When a new employee is hired, or if an employee is returning to work after a leave of absence, please add all required information to back-up. If employee terminates position, please remove from back-up after last salary information has been reported.

State of West Virginia Please return completed form, back-up documents, and check(s) to CPRB. Attention: Employer Reporting Section All forms must be completed in blue ink. PUBLIC EMPLOYEES RETIREMENT SYSTEM MONTHLY RETIREMENT REPORT TIER II 6.0% EMPLOYEE CONTRIBUTION RATE Name and Address of Employer: Contact person: Employer No. Month/Year No. Contributing Employees Telephone No. Email: 1. GROSS COMPENSATION of Covered Employees $ First hired and first participates in PERS on or after July 1, 2015 2. EMPLOYEE Contributions Withheld (6.0% of Gross Compensation) $ (Must match total on detailed transaction report exactly) 3. Employee Adjustment Amount $ 4. TOTAL EMPLOYEE CONTRIBUTIONS (Line 2 + Line 3) $ 5. EMPLOYER Contributions (11.0% of Line 1) $ 6. Employer Adjustment Amount $ 7. TOTAL EMPLOYER CONTRIBUTIONS (Line 5 + Line 6) $ 8. TOTAL REMITTANCE (Line 4 + Line7) $ REPORT DUE ON OR BEFORE THE 15 TH DAY OF THE MONTH FOLLOWING THE MONTH REPORTED. MAKE CHECK(S) PAYABLE TO: WV PUBLIC EMPLOYEES RETIREMENT SYSTEM I,, Executive Officer of the Payroll Record of do hereby certify that the above report, together with all continuation sheets attached thereto, is a true, correct, and accurate record made from our payroll records. Given under my hand this day of, 20. Signed by:.

West Virginia Public Employees Retirement System Monthly Detailed Transcation Report Employees first hired and first participates in PERS on or after July 1, 2015 TIER II 6.0% EMPLOYEE CONTRIBUTION RATE Employer Number Month Year Pay Period Starting Pay Period Ending Social Security Number Name of Employee List employess in alphabetical order Gross Compensation Employee Retirement Deduction (6.0%) # Days (S & E) # Hours (H) Code E=Elected S=Salary H=Hourly EXAMPLE: 123-45-6789 Doe, John L. $1,000.00 $60.00 160 H When a new employee is hired, or if an employee is returning to work after a leave of absence, please add all required information to back-up. If employee terminates position, please remove from back-up after last salary information has been reported.