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Employer News Archive

March 13, 2017
 

2017 Workshop Schedule

 
The Public School Employees’ Retirement System’s (PSERS) Employer Service Center (ESC) invites you to attend our annual Employer Workshop.
The workshops will take place from April 24th through June 5th, and are expected to take between 1 1/2 to 2 hours.
 
The workshop is recommended for business managers, payroll staff, human resources staff, and anyone else responsible for reporting information to PSERS. This year’s workshop is entitled “Back to Basics” and provides a refresher on everything from qualification rules and membership classes/rates to part-time member reporting. Other focus areas include the TF Election process, waivers, coaches, return to service, and the importance of correct contract records to support data reported. The topic was selected based on your questions to your ESC representative and the questions PSERS must pose to you when reviewing member accounts.
This workshop is designed to provide helpful tips to aid you in reporting and review areas that are questioned often during the year.  Whether you have an in depth knowledge of PSERS rules or not, we invite you to attend and pick up some useful information. We encourage you to bring your questions and are looking forward to seeing as many of you as possible. This is a great opportunity for us to meet with you and we enjoy the personal interaction.
Please send your RSVP to your ESC Rep so we can be prepared with the correct number of materials for each workshop. If you weren’t planning on attending, but your schedule changes so that it would permit you to attend, please join us. Below is a list of workshop locations, dates and times.
 
 
Region Workshop Location Date Time Address City Zip Code
3 Westmoreland IU 7 Monday, April 24, 2017 10:00 AM 102 Equity Dr Greensburg 15601
3 ARIN IU 28 Tuesday, April 25, 2017 10:00 AM 2895 W Pike Rd Indiana 15701
3 Intermediate Unit 1 Wednesday, April 26, 2017 10:00 AM 1 Intermediate Unit Dr Coal Center 15423
3 Allegheny IU 3 (SESSION 1) Thursday, April 27, 2017 10:00 AM 475 E Waterfront Dr Munhall 15120
3 Allegheny IU 3 (SESSION 2) Thursday, April 27, 2017   1:15 PM 475 E Waterfront Dr Munhall 15120
1 Central IU 10 Monday, May 01, 2017 10:00 AM 345 Link Rd West Decatur 16878
5 Bucks County IU 22 Monday, May 01, 2017 10:00 AM 705 N Shady Retreat Rd Doylestown 18901
1 Seneca Highlands IU 9 Tuesday, May 02, 2017 10:00 AM 119 Mechanic St Smethport 16749
1 Riverview IU 6 Wednesday, May 03, 2017 10:00 AM 270 Mayfield Rd Clarion 16214
1 Northwest Tri-County IU 5 Thursday, May 04, 2017   9:00 AM 252 Waterford St Edinboro 16412
1 Midwestern IU 4 Friday, May 05, 2017 10:00 AM 453 Maple St Grove City 16127
2 Central Susquehanna IU 16 Monday, May 08, 2017   9:30 AM 90 Lawton Ln Milton 17847
1 Beaver Valley IU 27 Monday, May 08, 2017 10:00 AM 147 Poplar Dr Monaca 15061
4 Tuscarora IU 11 Tuesday, May 09, 2017   9:30 AM 2527 US Hwy 522 S McVeytown               17051
4 Appalachia IU 8  Executive Office Wednesday, May 10, 2017   9:30 AM 4500 6th Ave Altoona  16602
6 Delaware County IU 25 Thursday, May 11, 2017   1:30 PM 200 Yale Ave Morton 19070
5 Montgomery County IU 23 Thursday, May 11, 2017 10:00 AM 2 West Lafayette St Norristown 19401
6 Chester County IU 24 Monday, May 15, 2017 10:00 AM 455 Boot Rd  Downingtown 19335
2 Colonial IU 20 Tuesday, May 16, 2017   9:30 AM 6 Danforth Dr Easton 18045
4 Lincoln IU 12 Wednesday, May 17, 2017   9:30 AM  65 Billerbeck St New Oxford 17350
2 Luzerne IU 18 Wednesday, May 17, 2017   9:30 AM  368 Tioga Ave Kingston 18704
2 BLAST IU 17 Thursday, May 18, 2017   9:30 AM  33 Springbrook Dr Canton 17724
4 Capital Area IU 15 Friday, May 19, 2017   9:30 AM  55 Miller St Summerdale 17093
2 Northeastern Educational IU 19 Friday, May 19, 2017   9:30 AM  1200 Line St Archbald 18403
2 Carbon-Lehigh IU 21 Monday, May 22, 2017   9:30 AM  4210 Independence Dr Schnecksville 18078
5 Berks County IU 14 Tuesday, May 23, 2017 10:00 AM 1111 Commons Blvd Reading 19605
5 Schuylkill IU 29 Friday, June 02, 2017 10:00 AM 15 Maple Ave Pottsville 17901
5 Lancaster-Lebanon IU 13 Monday, June 05, 2017 10:00 AM 1020 New Holland Ave Lancaster                    17601
 
 
December 09, 2016 
 

Employer Contribution Rate for Fiscal Year 2017-2018   

 
The employer contribution rate for fiscal year 2017-2018 will be 32.57%.  
 
The rate applies to salary and wages earned from July 1, 2017 through June 30, 2018.  
 
The rate was determined by PSERS actuary, and certified by the PSERS Board of Trustees at its meeting on December 7, 2016. The employer contribution rate may change if pension legislation is enacted prior to June 30, 2017. The employer contribution rate for fiscal year 2017-2018 consists of 31.74% for pension costs and 0.83% for premium assistance payments. Of the 31.74% portion of the employer contribution rate, 24.04% represents payment toward the unfunded liability.

June 10, 2016

 

GOVERNMENTAL ACCOUNTING STANDARDS BOARD STATEMENT NO. 68 (GASB 68) INFORMATION PROVIDED TO EMPLOYERS

 

The 2016 GASB 68 information is as of and for the year ended June 30, 2015 (measurement date) and is for use in employer’s financial statements for the year ended December 31, 2015 or June 30, 2016, whichever is applicable.

 

PSERS has provided, through an email blast, to its employer contacts and business managers information necessary to comply with Governmental Accounting Standards Board Statement No. 68 (GASB 68).  PSERS has endeavored to provide as much information as possible to its employers as they report in accordance with this GASB Standard.  The email contained explanations of what was provided and what the employers’ responsibilities are.  Additionally there were three attachments. 

 

The attachments included in the email contained the following audited and supplemental information: 

 

AUDITED

 

 

  • Schedule of Employer Allocations
  • Schedule of Pension Amounts by Employer
  • Schedule of Amortization of Employers’ Deferred Outflows/Inflows
  • Notes to Schedule of Employer Allocations, Schedule of Pension Amounts by Employer, and Schedule of Amortization of Employers’ Deferred Outflows/Inflows

 

 

 

 

 

 

SUPPLEMENTAL (UNAUDITED)

 

 

  • Sample Note Disclosures
  • Reconciliation of Reported Covered Payroll
  • Schedule of Employers’ Changes in Proportion
  • Schedule of Separately Finance Specific Liabilities

 

 

 

 

 

 

Additional GASB 68 Resources can be found on the PSERS Employer GASB 68 Information

 

If you did not receive the information or have any questions regarding the GASB 68 information provided, please send an email to the following email address: RA-PSERSEMPACCT@pa.gov.   


 

March 31, 2016

 

EMPLOYER WORKSHOP SCHEDULE

 

The Public School Employees’ Retirement System’s (PSERS) Employer Service Center (ESC) invites you to attend our annual Employer Workshop.  The workshops begin April 22 and run through June 3, 2016.

 

The workshop is recommended for business managers, payroll staff, human resources staff, and anyone else responsible for reporting information to PSERS.  The primary focus of this year’s agenda will be retirement-covered compensation.  The topic was selected based on your questions to your ESC representative and the questions PSERS must pose to you when calculating a purchase of service or retirement benefit.  This workshop will not be educating you on the specific rules related to retirement-covered compensation, but address some of the problem areas.  Our Employer Reference Manual, specifically Chapter 8, defines the specific rules governing retirement-covered compensation.  If you are new to this topic or the position that requires you to report information to PSERS, we recommend that you familiarize yourself with the information in Chapter 8 prior to your attendance at the workshop.  If you have any questions prior to the workshop, please don’t hesitate to contact your ESC representative.

 

This workshop will aid you in the reporting of salary to PSERS based on the Retirement Code.  Unfortunately, time will not permit us to discuss each situation in depth, but hopefully answer the questions and address the problems you are encountering.  Whether you have an in depth knowledge of PSERS rules or not, we invite you to attend and pick up some helpful information.

 

We are looking forward to seeing as many of you there as possible.  If you have not responded to your ESC Rep yet, please do so as soon as possible.  If you weren’t planning to attend, but your schedule changes that would permit you to attend, please come.  We always enjoy the personal interaction.

 

The actual agenda and a list of locations, dates, and times are listed below. 

 

 


 
March 3, 2016

 

 

ATTENTION SCHOOL EMPLOYERS:  PLEASE DISTRIBUTE THIS MESSAGE TO YOUR SUPERINTENDENT, BUSINESS MANAGER, AND ACCOUNTANT IMMEDIATELY.

 

PSERS has been advised by the Commonwealth Office of the Budget that the March 2016 and June 2016 retirement subsidy payments to public school employers are scheduled to be paid in the normal course of business, as the School Employee Retirement line item was fully funded in the enacted Pennsylvania General Fund budget signed December 29, 2015. As such, the payments are scheduled for March 16, 2016 and June 16, 2016 from the Pennsylvania Department of Education. 

 

Public school employers have up to five business days after receipt of the Commonwealth Share (retirement subsidy payment) of the employer contributions to provide the Total Employer Contribution payment to PSERS. The Total Employer Contribution is the Total Employer Share made up of the Commonwealth Share and School Share. Please note, all past due payments may incur a 6% interest charge.

 

For reference, two links to the Governor’s Budget Office can be found below.  The first is the Enacted Budget for 2015-2016; the second is for the line item detail.  In the second link, please note page 4, that line number 175 under Education (continued from page 3) is for $1,725,000,000.  This amount represents the full year’s Retirement Subsidy funding for public school employers.

 

http://www.budget.pa.gov/PublicationsAndReports/CommonwealthBudget/Pages/default.aspx#2015-16Enacted

 

http://www.budget.pa.gov/PublicationsAndReports/CommonwealthBudget/Documents/2015-16%20Enacted%20Budget/Web%20Tracking%20Run%20-%20Enacted%202015-16.pdf

 

Any questions regarding the information PSERS has provided can be sent to RA-PSERSEMPACCT@pa.gov or you may contact your Employer Service Center Representative at 1-866-353-1844.

 

Respectfully,

 

Public School Employees’ Retirement System


 

ATTEMPTED WIRE FRAUD VIA EMAIL REQUESTS

 

We have received reports of fraudsters sending payment requests and requests to update payment instructions from email accounts that appear to be from inside a clients' organization or from a known external partner. The fraudulent "from" email address is typically a slight variation on the legitimate email address, which can trick the recipient into believing the fraudulent communication is legitimate.   Tips: Be vigilant when reviewing and confirming payment requests, especially those requesting changes to beneficiary names, banks, and/or bank accounts. Be suspicious of requests purporting to be from a person of authority, or requests to initiate "emergency" payments, make urgent changes to payment instructions, or bypass your established procedures. Fraudsters will often create a sense of urgency to get you to act quickly or to avoid you questioning the request.  Confirm verbally with the requestor or another trusted party any requests for changes to payment instructions or any usual payment requests. Confirmation should be either in-person or by telephone; do not attempt to confirm the instructions via email.  


 

IMPORTANT MESSAGE

 

Please be aware of some important changes to your Web Cash Concentration Service. On April 14, 2013, PNC has implemented Advanced Login Authentication to the Web Cash Concentration service. The Advanced Login Authentication provides greater protection to your organization from unauthorized online access, and helps you reduce the risk of fraud by confirming user identity when accessing the Web Cash Concentration services using a company and user ID and two additional factor components:

 

 

  • Complex Device Profiling. During login, extensive details about the user’s device and network are gathered and evaluated for consistency with the user’s typical behavior and any indication that any unusual activity may be involved in the login. The result of this evaluation determines the next step in the login process for the user.
  • Step-Up Authentication. Based on the results of the device profiling and the login authentication, Web Cash Concentration may require additional authentication from your users. Out-Of-Band Authentication allows your users to authenticate through the use of a one-time security code outside the online channel through either an automated voice call or a text message.

 

 

 

 

Please note that your users will only be required to be additionally authenticated based on the results of the device profiling. The Step-Up Authentication process start date has been changed to June 6, 2013.

 

ACTION REQUIRED: To ensure that your users can be reached for Step-Up Authentication via telephone call or text message as required, please inform your users of the change, and ensure that all of your organization’s Web Cash Concentration users’ telephone numbers are up-to-date within the system by May 31, 2013. Both the administrators and users can make changes to the telephone numbers under the Administration setting. Thank you for your assistance with this important change. Please contact your Treasury Management Representative if you have any questions.  

 

ADDITIONAL INFORMATION CONCERNING PNC CASH CONCENTRATION CHANGES FROM PSERS: Please review the phone number currently listed in the PNC Cash Concentration website for your user ID numbers that can be found under the Administration setting.  In order for the user to receive the automated phone message from PNC the phone number listed for the user must be a direct line to the user including extension number.  The automated message will give the user a code number that must be entered into the PNC Cash Concentration website in order to continue the log in process.  This is a one- time event and it appears that the user will only have to enter this code number into the system once in order to continue to log in to all company ID numbers that each individual user currently has access to.  

 

If you are unable to update the current phone number listed in the PNC Cash Concentration website for your user ID number please contact Curt Bish @ (717) 720-4611 or Allison Biser @ (717) 720-4906 for assistance.  Each user that utilizes the system must receive the automated PNC message code number and enter it when prompted by the system in order to continue the log in process.