OFM Service News – DRS Rate Changes Effective September 1, 2020

Thursday, September 24, 2020 - 09:57
OFM ITS Service News

 

OFM has become aware that the Department of Retirement Systems (DRS) implemented rate increases effective Tuesday, September 1, 2020. Unfortunately, the rate adjustments were not updated in HRMS in time for the 18/2020 payroll period processing for the September 25th payroll.

Rates will be updated in HRMS prior to the 19/2020 payroll period processing for the October 10th payroll. OFM will force a retroactive adjustment for impacted employees to recalculate payroll period 18/2020 retirement deductions. Please note: with the exception of one group of employees whose agency has been notified, the rate increase is for the employer only – there is no impact to employee deductions or net pay.

Due to HRMS using incorrect DRS rates for the 18/2020 payroll period, agencies will see warnings on the DRS Transmittal Edit Messages. Warnings related to the incorrect DRS rates will be corrected with the 19/2020 payroll processing.

For additional questions regarding the rate changes, contact DRS Employer Support Services at 360-664-7200, option 2, or 800-547-6657, option 6, option 2, or email DRS Employer Support.

For additional questions regarding HRMS processing, please contact:

Questions?

OFM Help Desk

 

     OFM Help Desk

     HereToHelp@ofm.wa.gov

     360.407.9100