Briefly

View pdf version of the October 2008 Briefly

Employer Newsletter
ND Retirement and Investment Office
1930 Burnt Boat Drive, P.O. Box 7100
Bismarck, ND 58507-7100
701-328-9885 or 1-800-952-2970
www.nd.gov/rio

October 2008

Non-Reportable TFFR Salary Reminder

During TFFR's fiscal year-end salary and service credit reasonability review, numerous employer reporting errors were discovered regarding non-reportable TFFR salary. Remember that the following should not be reported to TFFR:

• Payments for any unused leave (sick, personal, vacation, etc.)
• Teacher's aide pay
• Ticket taking pay
• Referee/judging pay
• Bus driver pay (route or extra-curricular)
• Janitorial pay

Please refer to the TFFR Employer Guide or contact the RIO administrative office with salary questions.

Member Termination

If a member resigns, retires, becomes disabled, or dies before the end of the school year, the member's total compensated hours and last date worked must be reported on the monthly report following termination.

The business manager may also need to complete a Certification of Member Employment form for members who meet special circumstances such as death and disability claims, mid-year terminations and retirements, refund waiver requests, etc. If you submit a Certification of Member Employment to TFFR, please keep a copy for your records.

The information on the form is very important and must be accurate. It is the basis for determining how much a member will receive in retirement or refund benefits. If information changes after the form is submitted, contact the administrative office as soon as possible.

Retirement Eligibility Profiles

Upon request, TFFR can provide school districts with a Retirement Eligibility Profile report. This report gives the district a 30 year projection regarding TFFR member retirement eligibility (Rule of 85/90 or age 65). The report also contains the names of the individuals for workforce planning purposes. The personal information must be kept confidential. If you are interested in receiving a profile for your district, please contact our office. Due to timing issues with new members and retirees, the retirement eligibility profile is not available from July through October of each year.

TFFR Retiree Re-employment Statistics 2007-2008

Reminders

The TFFR Retired Member Employment Notification form is required to be completed each year the retiree is employed. This completed form, along with a copy of the retiree's work agreement must be submitted to TFFR within 30 days of the retiree's return to employment. Failure to submit the form within 30 days may result in a $250 penalty to the employer.

Many forms are submitted partially completed or completed incorrectly. Please review the following instructions to help you and the retiree complete future forms correctly.

1. Person ID: TFFR has replaced the Social Security number with a Person ID number as an identifier. Retirees should have this number or they can contact TFFR.
2. Retirement Date: A TFFR retirement date can only be the 1st or the 15th of a month. Many retirees enter last date worked in error. The retiree can find the retirement date on the paperwork they completed at the time of retirement.
3. Employer: List the current employer - this employer should match the employer named in Section 2 of this form.
4. Position/Subject: Position and subject are both needed. If the position is teacher also include the subject taught. Exp: Math, Elementary, Special Education.
5. Post Retirement - First day of work: First day of work in the current fiscal year.
6. Post Retirement - Last day of work: Last day of work in the current fiscal year.
7. Number of Compensated Hours: Should include in-staff subbing hours but exclude extra curricular hours and professional development hours.
8. Salary: Should include all salary including extra curricular pay, in-staff subbing, and professional development pay.

The from must be signed by the retiree and the employer. The employer should complete all items in Section 2 and include a copy of the contract or retiree work agreement.