REMINDER: Full-time Only Corrections
With the end of FY 2018 approaching, time is running out to submit Full-time Only Corrections and Prior Year Corrections for FY 2015 at no actuarial cost. State law requires employers to pay the actuarial cost for any correction of earnings or salary that result in either an increase of service credit or the member’s salary when those corrections are made more than three years after the monthly contribution report was due.
The grace period for corrections to FY 2015 ends on June 30, 2018.
Questions? If you have any questions about these annual corrections or how to certify/correct questionable years, please contact your agency’s assigned
Retirement Analyst Liaison.
Need staff training? If your agency is interested in customized, on-site training and tips for reducing potential actuarial costs, please contact staff in our Employer Services Department at (225) 925-6446 or toll-free at 1-877-275-8775: