
for Employers of Maine Public
Employees Retirement System |

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NOVEMBER
2008
New
Employees/Employers
Join MaineSTART
Teachers who work either for the Jay School
Department, or MSAD #31 are now participating in the MainePERS deferred
compensation plan. Other school departments affiliated with a
Participating Local District are considering the plan for their public
school teachers. The MaineSTART 457 Plan is a simple, low-cost,
tax-deferred plan that compliments your employee’s traditional MainePERS
defined benefit plan. As an employer you will appreciate the
administrative ease of the plan. We are available to talk with you
about MaineSTART and how it compares to 403(b) plan(s) now available to
your Teachers. For more information about MaineSTART, contact
Stephanie Fecteau, DC Plan Administrator at
Stephanie.Fecteau@mainepers.org.
Participating Local District Pilot
Direct Billing for Retiree Group Life Premiums
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In January 2009, MainePERS will begin a pilot project with a
small group of PLD employers to test direct billing for retiree
GLI premiums. Employers participating in the project will no
longer be required to report this information on the payroll
reports that they submit to MainePERS. MainePERS will send a
single invoice to each employer with details on covered
retirees, level of coverage and premiums due. If successful,
MainePERS plans to expand the employer GLI retiree-billing
project to include PLDs currently filing paper reports followed
by employers filing electronically.
MainePERS
Group Life Insurance
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January 2009 |
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| Be sure to
have all newly eligible employees complete the
application for Group Life Insurance Coverage.
Employees who do not want coverage should check the
“I refuse all coverage.” box. Employees who do not
submit an application when first eligible will need
to file for Evidence of Insurability if they later
wish to have coverage with MainePERS. |
Simplified Personnel Status Codes (PSC) take effect
in January 2009. MainePERS no longer will accept the
old codes. The new codes are:
| 11 - Full Time |
17 -
Project/Intermittent FT & PT |
| 12- Part Time |
52 - Insurance Only -
Retired |
| 14 - Seasonal |
53 - Retiree Return to
Work |
| 15 - Seasonal Part
Time |
65 - Insurance Only -
Active |
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Teacher
Reporting Reminders
Nationally Certified Teacher
Stipends
Nationally Certified Teacher Stipends are earnable
compensation. To report this stipend for contract teachers,
increase the annual FTE (Full Time Equivalent) contract
amount to reflect this additional money and report it with
the member’s contract position code in the pay period that
you make the payment.
Substitute Teachers and Other
Optional Membership Groups
Substitute teachers who are members of the Retirement System
may terminate their membership in the System. Additionally,
substitute teachers may elect not to join the Retirement
System when hired. Please refer to the September 2007
edition of the MainePERS Employer Update for more
information. Have employees who elect not to join check the
“I do not wish to join MainePERS...” box on the Membership
Application and sign the form before you return it to the
System.
Reporting Rates of Pay
In order to ensure that retirement service credit calculates
accurately for the 2008/2009 school year employees, please
remember:
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Use the Time Unit Code
“C” to report
Teacher members paid according to an Annual
Contract. The payroll detail line must include
an Annual Full-time Equivalent Contract
(FTE) amount for the position.
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Use the Time Unit Code “D” to report Teacher members
paid a Daily rate of pay. The payroll detail line must
include a base Daily Rate of Pay and Number of Units of
Days Paid during the reporting period.
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Use Time Unit Code “H” to report
Teacher members paid an Hourly rate of pay. The payroll
detail line must include a base Hourly Rate of Pay and
Number of Units of Hours Paid during the reporting
period.
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If an employee works in multiple job
classifications and/or statuses, report the employee by
each job classification and/or status. Should you have
questions, please contact your Employer Services
Technician at
1-800-451-9800 for assistance.
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Vacation and Sick Leave Reporting Forms
When an employee files an application for
retirement, MainePERS sends a Vacation and Sick Leave
Reporting form to their employer. This form provides the
System with information required to calculate the employee’s
final retirement benefit. Instructions for completing this
form are in the Forms section of our web site,
www.mainepers.org, under Retirement Benefits. Having all of
the information about an employee’s final pay and leave
accruals ensures that we accurately calculate the retirement
benefit. Report any and all payments made to an employee for
vacation or sick leave that was available, but that they did
not use, prior to terminating employment. This includes
amounts not subject to MainePERS withholding. Reporting this
information allows MainePERS to determine we can grant
additional service credit accordingly. If you have questions
contact Retirement Services at 207-512-3100 or
1-800-451-9800. |
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