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Tuesday, December 11, 2018

Administrative and Policy Change Log

Here you will see a list of Admin and Policy changes.

18

Posting Date: October 18, 2018

Action required: No

What: When reporting a new hire or rehire, employers must now provide specific data on the employee or the submitted file will be rejected.

Key Date(s): This requirement becomes effective on Friday, October 19, 2018

Impacted audiences: MERS reporting contacts with a participant directed account (MERS Defined Contribution Plan (including DC Plus), Hybrid, Health Care Savings Program or 457 Program)

Key information:

To improve plan administration and customer communication processes, MERS is now requiring that specific data be included when reporting a new hire or a rehired employee.

  • The following fields will now be required entries:

    • Social Security Number

    • Full name (first and last)

    • MERS plan number

    • Date of birth

    • Original date of hire

    • Participant status

    • Address

    • City

    • State

    • Zip

When all above fields are not submitted, the file will be rejected.

Resources available: Wage, Contribution, and Employer Portal Guide

Defined Contribution Wage & Contribution Resource Page

Hybrid Wage & Contribution Resource Page

457 Program Wage & Contribution Resource Page

Health Care Savings Program Wage & Contribution Resource Page

For more information, contact: MERS Service Center – 800.767.MERS (6377)

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Disclaimer
The information contained in this Web site is being made available as a public service. The information is not intended to constitute legal or investment advice, or to replace official versions of that information. Benefit Estimates or Service Credit Purchase estimates requested through this Web site are not official descriptions of any benefits, and do not represent a promise by MERS to provide any benefit(s) to any person(s). No one can detrimentally rely upon the information provided in, or requested through this Web site. MERS reserves the right to correct any errors, and presents this information without warranties, express or implied, regarding the information?s accuracy, timeliness or completeness. If you believe the information is inaccurate, out-of-date, or incomplete, or if you have problems accessing or reading the information, please call MERS at 800.767.MERS (6377).