Purpose

To identify all employees for whom no retirement Plan Type has been selected and saved.

Affected Employees 

All employees with Retirement Plan Type '7R' whose Begin Date is the current date and the Benefit Plan box is blank.

Effective Date

Immediately

Background

It is the responsibility of every agency to determine the retirement eligibility of each employee being appointed to their payroll and to select a retirement option. If it is not mandatory that an employee join a retirement system, action is still required. This new Reveal report has been developed to assist agencies in the task of identifying employees for whom no action has been taken. It is also expected that the report will eliminate late enrollment into retirement systems which, by law, have a limited enrollment period.

Agency Actions

The - 'No Retirement Selection Made Report' will be available NBEN730 in Reveal on a weekly basis. Agencies should review the list of employees. Those employees who should be in a retirement system should be enrolled. For those who should not, the agency should select Plan Type 7R 'No Retirement Option'.

Agency Instructions

If is determined the employee SHOULD be enrolled in a retirement system:

1. Open the Retirement Plans panel
2. Enter the emplid of the employee
3. Click OK
4. Select the correct empl recd#
5. The Retirement Plan Type 7R will appear
6. Open the plan type drop down box and double click on the valid retirement plan
7. Key in begin date (use the first day of the pay period)
8. Enter all retirement information as needed per retirement plan type
9. After completing panel save transaction

If it is determined the employee should NOT be enrolled in a retirement system:

1. Open the Retirement Plans panel
2. Enter the emplid of the employee
3. Click OK
4. Select the correct empl recd# (this is not on the report)
5. The Retirement Plan Type 7R will appear.
6. Click on the middle scroll bar
7. Press F7 key to insert row
8. Key in begin date (use the first day of the pay period)
9. Tab to select Benefit Plan. From the drop down box select NORETS
10. Tab to the Tier. From the drop down box select Tier 0 and double click
11. Press enter to save the transaction

Questions

Questions regarding this bulletin may be directed to the Payroll Audit mailbox.