Annual Reporting for ESS Users 50-373, 6/20 GoToWebinar - - PDF document

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Annual Reporting for ESS Users 50-373, 6/20 GoToWebinar - - PDF document

Jul 21, 2023 9 likes •133 views

STATE TEACHERS RETIREMENT SYSTEM OF OHIO Annual Reporting for ESS Users Annual Reporting for ESS Users 50-373, 6/20 GoToWebinar employer_education@strsoh.org 1 STATE TEACHERS RETIREMENT SYSTEM OF OHIO Annual Reporting for ESS Users Agenda

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employer_education@strsoh.org 1 STATE TEACHERS RETIREMENT SYSTEM OF OHIO Annual Reporting for ESS Users

Annual Reporting for ESS Users

50-373, 6/20

GoToWebinar

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employer_education@strsoh.org 2 STATE TEACHERS RETIREMENT SYSTEM OF OHIO Annual Reporting for ESS Users

  • Annual report availability and due date
  • Completing your annual report
  • Additional reporting requirements

Agenda

  • July 1 — Annual reports available in ESS
  • First Friday in August — Annual reports due

(no extensions granted)

  • Due date — Aug. 7, 2020

Availability and Due Date

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employer_education@strsoh.org 3 STATE TEACHERS RETIREMENT SYSTEM OF OHIO Annual Reporting for ESS Users

What to Include in the Report

  • Name
  • Social Security number
  • Total contributions (taxed or tax-deferred)
  • Accrued contributions
  • Service credit (active members only)
  • Member type (active or reemployed retiree)
  • Earned by June 30; paid after July 1
  • Only payments made in July and August

Accrued Contributions

July 2019 Aug 2019 Sept 2019 Oct 2019 Nov 2019 Dec 2019 Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020 June 2020 July 2020 Aug 2020 $3K $3K $4K $4K $4K $4K $4K $4K $4K $4K $4K $4K $4K $4K

Contract Payment Period Accrued

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employer_education@strsoh.org 4 STATE TEACHERS RETIREMENT SYSTEM OF OHIO Annual Reporting for ESS Users

Service Credit Accessing Your Annual Report

Annual Report 1

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employer_education@strsoh.org 5 STATE TEACHERS RETIREMENT SYSTEM OF OHIO Annual Reporting for ESS Users

Accessing Your Annual Report

Click “Actions” in the annual report row and select “Edit.”

06/30/2020 Work Report: Jul-2020 07/01/2020 06/30/2020 Payroll: 2020-06-30

Completing Your Annual Report

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employer_education@strsoh.org 6 STATE TEACHERS RETIREMENT SYSTEM OF OHIO Annual Reporting for ESS Users

Deanna, Deanna:

  • Full-time teacher
  • $52,000 base contract
  • $0 supplemental earnings
  • 184 days worked
  • First day worked: Aug. 12, 2019
  • Last day worked: June 3, 2020

Test Your Knowledge Payroll (Full Time) for Deanna, Deanna

Pay Date Amount Accrued 7/3/19 $0.00 7/17/19 $0.00 7/31/19 $0.00 8/14/19 $0.00 8/30/19 $280.00 9/13/19 $280.00 9/27/19 $280.00 10/11/19 $280.00 10/25/19 $280.00 11/18/19 $280.00 11/22/19 $280.00 12/6/19 $280.00 12/20/19 $280.00 1/3/20 $280.00 1/17/20 $280.00 Pay Date Amount Accrued 1/31/20 $280.00 2/14/20 $280.00 2/28/20 $280.00 3/14/20 $280.00 3/28/20 $280.00 4/11/20 $280.00 4/25/20 $280.00 5/9/20 $280.00 5/23/20 $280.00 6/6/20 $280.00 6/20/20 $280.00 7/3/20 $280.00 Y 7/18/20 $280.00 Y 8/1/20 $280.00 Y 8/15/20 $280.00 Y

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employer_education@strsoh.org 7 STATE TEACHERS RETIREMENT SYSTEM OF OHIO Annual Reporting for ESS Users

Pretax Contributions

Calculate Pretax Contributions Base contract amount $52,000 x Member contribution rate x 14% Pretax contributions $7,280

Accrued Contributions

Step 1 — Calculate Accrued Earnings

Base contract amount $52,000 – Contract earnings paid by June 30 – 44,000 Accrued earnings $8,000

Step 2 — Calculate Accrued Contributions

Accrued earnings $8,000 x Member contribution rate x 14% Accrued contributions $1,120

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employer_education@strsoh.org 8 STATE TEACHERS RETIREMENT SYSTEM OF OHIO Annual Reporting for ESS Users

Completing Your Annual Report

$7,280.00 $1,120.00 1.00

Cheryl, Cheryl:

  • Part-time substitute
  • Nine days worked

Test Your Knowledge

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employer_education@strsoh.org 9 STATE TEACHERS RETIREMENT SYSTEM OF OHIO Annual Reporting for ESS Users

Payroll (Part Time) for Cheryl, Cheryl

Pay Date Amount Accrued 7/3/19 $0.00 7/17/19 $0.00 7/31/19 $0.00 8/14/19 $0.00 8/30/19 $0.00 9/13/19 $0.00 9/27/19 $0.00 10/11/19 $0.00 10/25/19 $25.00 11/18/19 $0.00 11/22/19 $0.00 12/6/19 $0.00 12/20/19 $0.00 1/3/20 $25.00 1/17/20 $0.00 Pay Date Amount Accrued 1/31/20 $0.00 2/14/20 $0.00 2/28/20 $25.00 3/14/20 $0.00 3/28/20 $0.00 4/11/20 $0.00 4/25/20 $25.00 5/9/20 $0.00 5/23/20 $0.00 6/6/20 $0.00 6/20/20 $0.00 7/3/20 $0.00 Y 7/18/20 $0.00 Y 8/1/20 $0.00 Y 8/15/20 $0.00 Y

Completing Your Annual Report

$7,280.00 $1,120.00 1.00 $100.00 0.06

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employer_education@strsoh.org 10 STATE TEACHERS RETIREMENT SYSTEM OF OHIO Annual Reporting for ESS Users

Completing Your Annual Report

$7,280.00 $1,120.00 1.00 $100.00 0.06 $5,408.00 $416.00 R

Submitting Your Annual Report

07/01/2020 06/30/2020 06/30/2020 Work Report: Jul-2020 Payroll: 2020-06-30 218496752 218496752 20

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employer_education@strsoh.org 11 STATE TEACHERS RETIREMENT SYSTEM OF OHIO Annual Reporting for ESS Users

  • Service credit verification report
  • Accrued verification report

Additional Reporting Requirements

We’re here to assist you

  • Call toll-free: 888-535-4050
  • Send an email: report@strsoh.org
  • Visit our website: www.strsoh.org/employer

Resources Available

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employer_education@strsoh.org 12 STATE TEACHERS RETIREMENT SYSTEM OF OHIO Annual Reporting for ESS Users

Thank you for participating!

  • This webinar is available in the Education & Training

section of the employer website

  • If you have additional questions about annual reporting,

please email report@strsoh.org

Annual Reporting in ESS

Click “File” on the control panel and select “Exit — Leave Webinar”

Exiting the Webinar