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Employer Update: September 2020

This year, we’re dedicating an entire month to helping you improve your retirement security! October is National Retirement Security Month and INPRS is providing a comprehensive suite of webinars designed to help you and your employees become retirement ready.

Our webinar series includes: 

  • Asset Allocation and Investment Basics – October 1 and 15 at 12 p.m.

  • Positive Money Habits – Budgeting and Saving – October 8 and 22 at 12 p.m.

  • ‘77 Fund – Police and Fire Benefits Plan – October 19 at 2 p.m.

  • Understanding Your Plan – A PERF/TRF Webinar – October 6, 13, 20, and 27 at 10 a.m. and 2 p.m.

  • PERF/TRF Retirement Benefits Webinar – October 7, 14, 21, 28 at 1 p.m. and 5 p.m.

To register for any of our webinars, click here.

Missing Member Success

In early 2018, there were over 50,000 members without a “life event,” who were over 90 days missing from wage and contribution reporting. This caused potential delays in retirements, distributions, and displaying proper service credit. To find these missing members and improve overall satisfaction, the INPRS staff and employers spent 2,378 hours researching historical wage and contribution records. In January of 2019, our missing member list decreased to 36,000 members within a year of implementation, and as of May 2020, only nine members had been missing over 90 days!

This incredible success would not have been possible without our employers’ willingness to put in the work needed to resolve these issues. Thank you!

We want to thank you for working hard and encourage you to continue to do so. If you need help along the way, contact our Employer Advocate team.

Make changes to your PERF My Choice Plan

This November, PERF My Choice plan employers of local governments have the option to change their standard cost percentage. The standard cost is the percentage that employers contribute to their employees’ My Choice account. In some cases, this is in addition to the mandatory 3% employee contribution that employers may pay on behalf of their employees. In some cases, employers and employees may share in paying this contribution. Employers can choose to contribute from 0% up to the standard cost rate. 

The new rates will go into effect in the fiscal year 2021 for the PERF My Choice Plan for State employees and the TRF ’96 Fund. The new rates for the PERF My Choice Plan for Local Government Employees will go into effect for the calendar year 2021.

If your organization wants to adjust its standard cost percentage, complete the resolution here, and submit it online by November 30, 2020. 

If you would like to learn more about offering the PERF My Choice plan to your employees, go here.

Help us, help you

At INPRS, we strive every day to make your customer experience exceed your expectations. To ensure we are keeping our employers satisfied, we send out surveys to hear what you have to say. This year we received extremely positive feedback, with 87% of employers reporting that they are extremely or very satisfied with INPRS. Our highest-ranking categories included: customer service, responsiveness, and the satisfaction of our ERM system.   

INPRS values your participation and takes note of what areas our employers enjoy and what areas need improvement.

Thank you for your continued participation in our surveys. Your feedback can make all the difference.

‘77 Fund Employers: Learn the Importance of Updating Contacts for Pension Relief

Pension relief season is coming soon! Please ensure your police or fire submission unit contacts are up to date in ERM as quickly as possible, including contact type labels applied appropriately. Our Employer Advocate Team uses this contact information to provide pension relief documents to suitable contacts within the unit.

If you need any assistance in updating your contacts in ERM, please call our Employer Advocate Team at 888-876-2707.

Tidy up your missing member list

If employers have any employees listed on the missing member report for 90 days or more, they will be restricted from reporting the wages and contributions for all employees. Once the missing member list has been resolved, employers will regain access. Even having one employee on this list will prevent you from reporting wages and contributions for all of your employees.

You can access your list by logging on to your ERM dashboard. From there, you’ll have an icon that will send you to your missing member report.

If you choose to delay cleaning up your list, it will cause a massive disruption to your work. Your wages and contribution reporting will be stopped, and you’ll be forced to manually log all of your data, which will have to be saved for when you regain ERM reporting access. You can only regain this access by closing out all the missing members on your report.

Additionally, you could potentially be the primary source of problems for your employees attempting to retire. Your employees are counting on you to report wages and contributions for them on time!

If you need help, please contact us. There will be no grace period or exceptions made for ERM limitations so, please, make this a priority.


Every attempt has been made to verify that the information in this publication is correct and up-to-date. Published content does not constitute legal advice. If a conflict arises between information contained in this publication and the law, the applicable law shall apply.

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