What are the Employer obligations with respect to remitting the Worker Contributions?
There are several employer obligations with respect to remitting the CRSP contributions. The employer’s payroll person/department must: • forward worker contributions to MetLife as of the earliest date on which such contributions can reasonably be segregated from the employer’s general assets; • calculate the Optional Employer Matching Contributions, if applicable, and forward the allocation and money, along with the worker’s contribution to MetLife; • monitor the maximum worker contribution that a member may contribute; • correct over-contributions, in conjunction with MetLife personnel; • change, suspend, start or stop contributions, as of the first (1st) of the month following notice of such action.
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