Chapter 8: Transmittal Reporting

Overview

How Reporting Impacts Member Accounts

DRS depends upon receiving timely and accurate information from employers to provide service to retirement members and participants of the DCP. Accurate transmittal reporting by employers helps ensure:

• plan 3 member contributions and participant deferrals are posted in a timely manner
• interest on member accounts is calculated and posted accurately
• member requests to withdraw contributions or participant requests for distribution of deferrals are processed in a timely manner
• member retirement benefits are calculated correctly.
• pension benefits for retirees who return to work or to membership are stopped, suspended, and restarted as appropriate in a timely manner.