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Greetings from the Executive Director

Welcome to the May Edition of LSERS' Employer eNews!  Of note in this issue is our Year-End Checklist to guide you through June 30th close-out.  I encourage you to contact our knowledgeable staff to assist you with any questions or concerns.
 

-Charles P. Bujol

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Fiscal Year End is upon us!

LSERS provides many tools on the secured LSERSWeb site to assist employers.  You don’t have to wait until July to make corrections for the fiscal year ending June 30, 2017.  Here are some of the helpful tools to assist with fiscal year end closing and reconciling your payroll records with your retirement reporting:
  1. Review the Member Salary Contribution Report that lists all salaries and contributions reported for each employee per month.  This tool will help ensure employee data has been properly reported and agrees with your payroll records. 
  2. Review the Retiree RTW1006 Exception Report listing those retirees who are enrolled as return to work but no salary was reported.  NOTE: If retiree return to work (RTW) salaries were reported with your regular salary upload, there will be an exception on the Contributions Exceptions Report, “No matching employment record”.
  3. Review the Contributions Exception Report that lists all exceptions that have not yet been cleared for the current fiscal year.
  4. Review the Charges/Payments Contributions Report that lists the current fiscal year total charges and payments by month
  5. Review the Employer Statement Report to ensure contribution payments, charges and prior year corrections for the current fiscal year have been properly recorded in aggregate. This report lists the beginning and ending balances for member and employer contributions and changes during the fiscal year from prior year corrections, payments, charges and interest.
Reminder of year end dates:
7/17/2017 –  June salary contribution reports are due for all active and retiree RTW employee members in LSERS
7/23/2017 –  Deadline for clearing all exceptions for both the active and RTW employees which entails enrolling members, terminating members or reporting correct earnings and contributions.
7/26/2017 – Deadline for all contribution correction submittals.
 
Coming in July 2017 - Reporting of July Salaries – One online form for salary contributions and corrections.  Exceptions will show prior to submitting the salary contribution file.  Corrections can be made with an uploaded file or on form. 

 
Reminder! Summer Food Service Program School boards participating in the Summer Food Service Program (SFSP) must report earnings and contributions to LSERS for bus drivers and other LSERS members who will be paid by the school board for the SFSP.   

Updated Forms and Fact Sheets

Our survivor forms have been revised and renumbered.  Here is a synopsis of all changes:
  1. Form 13 Survivor Application    
    • Updated with revised supporting form numbers
  2. Form 13B Student Certification - previously Form 13S
    • Section 2 pertains to student's current marital status and responsibility of notification to us if status changes   
    • Section 3 is to be completed by the school
    • Removed witness signatures
  3. Form 13C Certificate of Heirship - previously Form 13H
    • Formatted to be consistent with all other LSERS forms
    • One page (front only)
    • Removed witness signatures
  4. Form 13H1 is now obsolete; to certify a total and permanent disability for minor child, use Form 12C

Our Fact Sheet- 17 Survivor Benefits has been updated with the revised form numbers and information pertaining to if the member’s death occurred while performing qualified military service.
Our Beneficiary/Survivor Checklist has been updated with the revised form numbers. 

And, as always, we appreciate and welcome any and all comments, as this helps
us identify ways to make improvements for you and provide better service to our
members and employers. Feel free to provide feedback and suggestions using
the LSERS Satisfaction Survey on our "Contact Us" page on the LSERS website.

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