6.50 B. Employer Report of Annual Personal Statements of Benefits (Exhibit 6B)
Employers will be advised when their Employer Report of Annual Personal Statement of Benefits is available online via their Employer Access account. (Employers that do not have Internet access will receive paper copies of the employer report.) Employers can view their copies of Personal Statement of Benefits via the Document Archive of Employer Access.
The Employers report includes a summary of the member’s service credit, reported wages and contributions for the statement year. The employer report also includes a detailed breakdown of the member’s plan and tier, service credit, wages and contributions reported, and the type of wages, e.g., tax-deferred, disability, seasonal, etc. For members of the Revised Elected County Official (ECO) plan, the employer report will also include the member’s ECO-eligible position.
Employer reports provide the Service Fraction for each month of service. The Service Fraction illustrates the years and months of service credit charged to the employer’s account. Although whole months appear on a member’s statement, the exact amount of months (e.g., 2.498 for 2 years 6 months) is stored in our computer system. When a member retires, the employer’s account is charged for the exact number of months, including a "fraction” of a month if a member has concurrent service.