Greetings from LSERS
Welcome to the June Edition of LSERS Employer eNews, included in this issue is information regarding the approaching deadlines for the End of Year Schedule and the Retirement Annual Salary. I encourage you to contact our knowledgeable staff to assist you with any questions or concerns.
-Charles P. Bujol, Executive Director
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End of Year Deadlines and Schedule
As of the end of May 2018 reporting, we reflect 523 outstanding exceptions. The deadline to clear exceptions is Tuesday, July 24, 2018. Any changes LSERS receives after July 24 would require a prior year correction (PYC). If you need any assistance with clearing your exceptions, please contact Kimberlyn Stewart at 225.925.4411 or kstewart@lsers.net.
Friendly reminder – Year End Schedule:
- July 16, 2018: Due date for all salary & contributions and all retiree return-to-work earnings reporting for this current fiscal year through June 30.
- July 24, 2018: Deadline to clear exceptions or make any changes for fiscal year 2017-18.
You may click here for a quick refresher course on year-end closeout, and please feel free to contact anyone in our accounting department for personal assistance in wrapping up this fiscal year at 225.925.6484 or 1.800.256.3718.
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Retirement Annual Salary (RET) File – Due
August 15, 2018
School boards and charter schools must submit to LSERS an annual retirement salary file for the fiscal year ending June 30, 2018. The salary file should include annual earnings of each person paid by the employer. Please note: for bus operators, please do not include the payments for reimbursement of operating expenses, as those expenses are not subject to retirement contributions.
Please submit the fixed-length text file on or before August 15, 2018 through our LSERSWeb portal. Refer to the procedures for uploading the file on the web by clicking here: Salary, Insurance & Retirement Uploads - Retirement. The naming convention for the file should be: RETnnnn_2018 (“nnnn” is your employer identification number).
If you have any questions, please contact LaQuinta Jordan, LSERS’ Internal Auditor, at 225.925.7492 or ljordan@lsers.net .
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Member SSN Correction
Please contact Kimberlyn Stewart if a member’s social security number needs to be corrected. Please do not enroll a member twice. This would create unnecessary exceptions that we can all avoid during year-end closeouts and throughout the fiscal year. For more information, please contact Kimberlyn at kstewart@lsers.net or 225.925.4411.
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Holiday Office Closure
Our office will be closed on Wednesday, July 4, 2018, for Independence Day.
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