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
- 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
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).