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Employer Reporting Work Group. February 7, 2008. Employer Section: www.mainepers.org/employer_section/home Employer Reporting Work Group page: www.mainepers.org/erwg. Web site Tour. MePERS Payroll Data Compliance Guidelines. PSC codes Simplified to 8 valid codes - PowerPoint PPT Presentation
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Employer ReportingWork Group
February 7, 2008
Maine Public Employees Retirement System
Web site Tour
Employer Section:
www.mainepers.org/employer_section/home
Employer Reporting Work Group page:
www.mainepers.org/erwg
MePERS Payroll Data Compliance
Guidelines
Maine Public Employees Retirement System
What We Know
PSC codes
• Simplified to 8 valid codes
• MainePERS now defaulting existing codes
• Default to stop with MePERS
Maine Public Employees Retirement System
PSC Codes
Current PSC Defaults To
11 – Permanent Full Time
1A – Limited Period Full Time
21 – Permanent Full-Time PST
2A – Limited Period Full-Time PST
11 – Permanent Full Time
12 – Permanent Part Time
1B – Limited Period Part Time
22 – Permanent Part-Time PST
2B – Limited Period Part-Time PST
12 – Part Time
17 – Project Full Time
18 – Project Part Time
27 – Project Full-Time PST
28 – Project Part-Time PST
2D – Acting Cap Full-Time PST
2E – Acting Cap Part-Time PST
29 – Project Intermittent PST
23 – Permanent Intermittent PST
26 – Seasonal Intermittent PST
2C – Limited Period Intermittent PST
17 – Project/Intermittent FT & PT
(not elig. For Group Life Insurance)
14 – Seasonal Full Time
24 – Seasonal Full-Time PST
14 – Seasonal Full Time
15 – Seasonal Part Time
25 – Seasonal Part-Time PST
15 – Seasonal Part Time
52 – Insurance Only, Retired 52 – Insurance Only, Retired
65 – Insurance Only Full Time
67 – Insurance Only Part Time
65 – Insurance Only, Active
53 – Retired, Returned to Work 53 – Retired, Returned to Work
Maine Public Employees Retirement System
What We Know
Pay Rate Codes
• Teacher Employers – Continue “C”
• PLD Employers – “C” code allowed
• RRTW (PSC 53) – “H” or “D” only
Maine Public Employees Retirement System
What We Know
Simplified Position Codes
• Teacher – Classroom Teacher vs. Special
Ed. Classroom Teacher?
• PLD School Support – Building Custodian I,
II or II?
Maine Public Employees Retirement System
What We Know
Monthly Payroll Reports
• No new EPF data elements
• EPF vs. paper reporting
• Missing paperwork will hold up the release of payroll
to all member accounts
• Member data corrections will require adjusted
payrolls
Maine Public Employees Retirement System
Payment to MainePERS
• Member records will balance prior to posting
• Payroll reports may process prior to payment
received
• Interest for late payment/report still applies
What We Know
Maine Public Employees Retirement System
What We Know
Group Life Data Elements
• Four (4) GLI Schedule Codes
• GLI premiums must balance with GLI data
elements
• No expected change to GLI data elements
Maine Public Employees Retirement System
Questions and Feedback
Group Life InsuranceAge-Based Supplemental
February 7, 2008
Maine Public Employees Retirement System
Group Life Insurance Rates
No change to Basic and Dependent rates
Age-Based Supplemental Rates
Pay period that includes April 1, 2008.
Going Forward
New employees - age on the effective date of
coverage.
Adjusted each April 1 to reflect:
Level: any change in gross compensation for previous calendar year
Age: any change in rate band, based on age
Maine Public Employees Retirement System
Age-Based Supplemental Rates
Basic1 Supplemental
One Age ≤ 44 $0.02 Age ≤ 34 $0.02
45-49 $0.04 35-44 $0.03 50-54 $0.07 45-49 $0.05 255-59 $0.11 50-54 $0.07
60-64 $0.17 55-59 $0.14
65 plus $0.22 60-64 $0.20265 plus $0.40
Supplemental Two
Supplemental Three
Dependent A3
Dependent B3
NOTES:
No change
Participating Local DistrictTeacher
No change
3 x Supplemental 1
No change
2 x Supplemental 1
$0.05
will stay at $.21 as long as they remain employed.
COVERAGE
APRIL 1, 2008 BI-WEEKLY RATES (PER $1000 OF COVERAGE)
1. Basic coverage is equal to employee's annual compensation rounded up to next $1,000.
2. Teachers who are at least age 55 will stay at $.10 and PLD employees who are at least age 65
No change
Premium equals Rate x Annual Compensation.
$0.21
2 x Supplemental 1
3 x Supplemental 1
3. Dependent PLAN A Spouse $5,000 Full-time, unmarried student to age 22 $5,000 Children, 6 months to age 19 $5,000 Children, 0 to 6 months $1,000
PLAN B $10,000 $5,000 $5,000 $2,500
15
Maine Public Employees Retirement System
40 Year OldEmployee with Basic and Supplemental 3 coverage and a
$42,000 level.
Age Based Supplemental Rates
Bi Weekly Premiums
Current Rate New Rate
Teacher $14.70 $4.62
PLD $35.28 $12.60
Maine Public Employees Retirement System
Age-Based Supplemental Rates
Grandfathered Employees
Have supplemental coverage on April 1, 2008.
Teacher employees 55 or older - rate remains at
$.10 per thousand bi-weekly.
PLD employees 65 and older - rate remains at
$.21 per thousand bi-weekly.
Rates remain in effect for the employee as long
as the employee remains with current employer.
Maine Public Employees Retirement System
Age-Based Supplemental Rates
Tools
Find Bi-weekly and annual rate charts for all
employer groups, ages, and coverages in the
Employer section of our web site:
www.mainepers.org/employer_section/home
E-mail: [email protected]
Call 207-512-3244 for assistance.
Maine Public Employees Retirement System
Evidence of Insurability
Evidence of Insurability –how an eligible employee may request new or additional coverage.
If approved, coverage is effective the first of the month after an additional 31 days in an eligible position.
Employer notified of new effective date and coverage code.
Do not collect increased premiums until the period which includes the new effective date.
Maine Public Employees Retirement System
Evidence of Insurability
Employee makes initial request to MainePERS by form, phone or e-mail.
MainePERS sends employee a form requesting medical information, which employee sends to the carrier for review.
Process usually takes from 6 to 12 weeks
All further communication is between employee and insurance company.
Maine Public Employees Retirement System
Designation of Beneficiaries
Claims paid based on most recent beneficiary form postmarked or received at the Retirement System prior to the death of the member.
Members encouraged to review designation every 5 years, or when they have a life changing event.
If no designated beneficiary: payment to first living of the member’s spouse, children, parents, or to their estate.
Maine Public Employees Retirement System
Chapter 601
Employee does not have coverage unless he/she submits form: “Application for Coverage – Group Life Insurance”
Teachers who change employers are treated as new hires; within the first 31 days employees may select any coverage
Full and part time employees must work at least 20 hours or 2.5 normal working days per week to be covered
Maine Public Employees Retirement System
Questions and Feedback
Maine Public Employees Retirement System
46 State House StationAugusta, ME 04333-0046
