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Retirement Audit Report       

Contents

1 Overview

2 Sample Reports

3 How-to

4 Fields

5 Selection Criteria

 

1 Overview

The Retirement Audit Report is a handy way for district payroll offices to find employees who should be enrolled into retirement.  The Department of Retirement Systems (DRS) has established hours of service levels to establish membership in retirement.  This report identifies employees above the level and not enrolled, as well as employees who are enrolled and below the level. With this information, you may make a final decision regarding membership enrollment or separation.

 

The report displays employees who

  1. may be eligible for retirement participation and are not currently enrolled;

  2. participate in retirement but may not be eligible;

  3. participate in plans that have defined contributions (plan 3), and where the rate option is blank;  

  4. who participate in plans that have defined contributions (plan 3), and where the rate option is blank, and where the difference between the eligibility date and today's date (or the parameter dates) is greater than or equal to 90 days.

 

The DRS allows employees 90 days from their eligibility start date of retirement to select a Plan 3 employee contribution rate.  If the employee does not select a rate, a fixed rate of 5% will be selected for them by the employer.  

 

Unlike the legacy report that uses current calculations only, the Skyward report uses current work hour calculations, as well as historical work hours from the check history.  Reporting from check history satisfies requirement #47,  "Allow calendar month(s) selection on exception reports." The report is based upon the current calculations, plus historical transactions from the check history table.

 

This process is only available district wide, by a user with district access.

Page Updated 1/03

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