How is Retroactive Pay reported?

pay reported retroactive
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How is Retroactive Pay reported?

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Contract settlements may adjust wages over prior calendar years. This could affect all employees or a certain group of employees. Additional earnings must be reported for employees who were previously reported to the WRS. Information on retroactive pay may be found in Chapter 10 in the WRS Administration Manual, ET-1127. To report these earnings, employers must submit an Employee Transaction Report, ET-2533 or request a Pre-list from ETF showing active employees. A pre-list is available by calling the Employer Communication Center at 608/264-7900. The Retroactive Pay Action Code is 23. The Action Date should be completed as follows: month is equal to 12 and the day is 31. The year in the Action Date should reflect when the payment would have been earned rather than the date the employee receives the payment. Employee Required and Benefit Adjustment Contributions actually deducted from the employee’s paycheck for the retroactive payments should also be included on the Employee Transacti

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