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Employers

Employer Bulletin

All Employers
Vol. 17, No. 17
September 8, 2000

Electronic Reporting Rule Effective October 1, 2000

Effective October 1, 2000, the Department of Employee Trust Funds (ETF) will require all Wisconsin Retirement System (WRS) employers that employ 250 or more employees to report annual WRS transactions via electronic media (tape, disk, cartridge, etc.). This requirement is the result of promulgation of the new administrative rule ETF 10.60, written below.

The format for electronic reporting is provided in Chapter 12 of the WRS Administration Manual (ET-1127). Employers reporting electronically for the first time must send a test file for approval prior to implementing electronic reporting (see Subchapter 1200 in the above referenced Manual). Test files should be submitted and approved before mid-December to avoid reporting delays.

Electronic reporting will provide processing efficiencies for employers and ETF by:

  • Streamlining the Department's processing of annual detail reports.
  • Reducing the amount of time spent by employers and ETF staff in identifying and resolving discrepancies in participant accounts due to transposition and keying errors.
  • Reducing the associated cost of contracting for paper report keying.

ETF employees are committed to working closely with employers or their contracted payroll vendors to make the transition from paper reporting to electronic reporting a smooth one.

For information about this new rule, please contact the Employer Communication Center at (608) 264-7900. For information about electronic reporting requirements, please call Dale Ferron at (608) 266-0728.

Electronic Reporting Rule

SECTION 1. ETF 10.60 (2) is created to read:

ETF 10.60 (2) Every employer which employs 250 or more employees shall submit the detailed annual earnings report required in the administration of subch. II of ch. 40, Stats., in an electronic format designated by the department.

SECTION 2. ETF 10.60 (2) is renumbered ETF 10.60 (3).

SECTION 3. ETF 10.60 (3) is renumbered ETF 10.60 (4).

 

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