We have to enter negative amounts to correct Earnable Compensation (EC) and Employee Contributions. If your system at MainePERS does not handle negatives how are we supposed to report this?
If your negative amounts are printing out separately on your detail report and this negative amount is affecting the same month that is being reported, one way is to eliminate the negative amount from your detail report and manually change the positive amount to reflect the net difference. If your negative amounts affect a month outside of the current reporting period, the negative amounts should still be eliminated from the detail report and a separate communication should accompany the report that you are filing, informing MainePERS of who the member is and what reporting period should be adjusted for how much money.
Related Questions
- Will the Budget System automatically calculate Employee Benefit amounts like Retirement and Health Insurance, based on the new DAS rates?
- I have payments other than non employee compensation to report. How do I make the amounts appear in the correct box on the 1099 form?
- How is an HRIS System Selected?
