Employer Rate Letters Sent Electronically June 8

electronic letter

You should have received an email with a link to the Employer Contribution Rate Notice on June 8. You may print the Employer Contribution Rate Notice for your records on State of Alaska letterhead. You can also save this PDF file for your records.

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Using PERS and TRS Employer On-Behalf Funding for Fiscal Year 2012

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The Division of Retirement and Benefits will apply Fiscal Year 2012 PERS and TRS employer on-behalf funding, provided in House Bill (HB) 108 (Operating Budget – Section 29), to payrolls received in our office by July 15, 2012. Fiscal year 2012 covers payrolls containing payroll end dates from July 1, 2011 to June 30, 2012.

After the July 15, 2012 cutoff has been reached and all applicable payrolls have been processed, the Division will complete the annual on-behalf funding true-up. We anticipate sending employer on-behalf year-end statements to include the true-up by the end of July 2012.

For PERS on-behalf funding questions or statement copies, email Chris Madsen or call (907) 465-2279. For TRS on-behalf funding questions or statement copies, email Walter Agne or call (907) 465-5711.

For other questions, email Christina Maiquis or call (907) 465-1845.

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Employer On-Behalf Funding for Fiscal Year 2013

On-behalf funding for PERS employers (previously referred to as employer relief) for Fiscal Year 2013 (FY13) is provided by House Bill (HB) 284 (Operating Budget - Section 27), passed during the 2012 legislative session and recently signed into law. The bill provides a set amount of funding to reduce the PERS Employer Effective Rate to 22 percent and the TRS Employer Effective Rate to 12.56 percent for FY13.

The Division applies the funding with the processing of each employer payroll. Employer on-behalf funding statements will be sent via email to payroll and finance contacts. For PERS on-behalf funding questions or statement copies, email Chris Madsen or call (907) 465-2279. For TRS on-behalf funding questions or statement copies, email Walter Agne or call (907) 465-5711.

For PERS and TRS employer on-behalf funding provided in HB284, the Division of Retirement and Benefits will apply payments for payrolls through pay period end date June 30, 2013. Fiscal year 2013 (July 1, 2012 to June 30, 2013) payrolls must be received in our office by July 15, 2013, to be processed with HB 284 employer on-behalf funding.

For other questions, email Christina Maiquis or call (907) 465-1845.

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PERS and TRS Handbooks Available at Alaska.gov/drb

Share with Employees in the Defined Benefit Plans

PERS and TRS Information Handbooks are available for download from the Division of Retirement and Benefits Web site. Since the Division no longer prints the handbooks for distribution, it is important to share these links with employees on a regular basis. The information in the handbooks is valuable and clearly explains the PERS (Tier I, II, and III) and TRS (Tiers I and II) programs for employees.

Employees without Internet access should contact the Division toll-free at (800) 821-2251 or in Juneau at (907) 465-4460 for a printed copy of the PERS or TRS Handbook.

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