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Wages must be reported to the Department of Retirement Systems (DRS) on an as-earned basis, for the month in which the wages were earned. The WESPaC Retirement Calculations program is complex and processes as part of the Payroll Calculate for all retirement systems and plans to:
Compute Washington Retirement deduction (employee contribution) and benefit (employer contribution) amounts.
Compute Washington Workers’ Compensation amounts.
Reconcile the earnings month by month.
Determine projected retirement amounts.
Retirement deduction and benefit amounts are computed for each pay item. Different pay items can be associated with different retirement deductions and benefits or be exempt from retirement. The process does handle various types of pay.
Salaried pay items have the same earnings per month regardless of work hours. The earnings are the same from reporting month to reporting month (excluding unpaid leave).
Non-Salaried pay items have different earnings per month because of different work hours. The earnings can be different from reporting month to reporting month because of the number of work days or the number of work hours each month.
Hourly pay items are based on the hours worked.
Daily pay items are based on the days worked.
Stipend pay items are based on non-time related activities.
Page Updated 10/06