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Monthly Report Reconciliation

Monthly Report Reconciliation. Using the Manual Form – Part I. Add the salaries of all contributory employees and enter it in on line (A) on the worksheet. Multiply Line A by .05 and enter the result on Line 1.

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Monthly Report Reconciliation

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  1. Monthly Report Reconciliation Using the Manual Form – Part I Add the salaries of all contributory employees and enter it in on line (A) on the worksheet. Multiply Line A by .05 and enter the result on Line 1. Add the salaries of all employees and enter it on line (B) on the worksheet. Multiply Line B by .1101 and enter the result on Line 2. .5% 11.01% Add Lines 1 and 2 together and place the result on Line 3. This is your Total Contributions / Matching Due

  2. Monthly Report Reconciliation Using the Manual Form – Part II Enter the employee contributions and employer matching submitted on each remittance to APERS during the applicable reporting month by payroll processing date. Total Columns 4, 5, and 6.

  3. Monthly Report Reconciliation Using the Manual Form – Part III Take the amounts from items 1, 2, 3 (From Part 1) and 4, 5, 6 (From Part 2) and enter it in the appropriate portion of the reconciliation. Calculate the difference by subtracting from each column. Example, subtract line 4 (1600) from line 1 (1600) and the difference is 0.

  4. Monthly Report Reconciliation Using the Manual Form - Final • IF the difference is zero • The Reporting Official is ready to sign and date the APERS Reconciliation Report and attach it to the Earnings and Service Report. • IF the difference is NOT zero • The Reporting Official must determine where/why the difference occurred and write a brief explanation (i.e., affected employee name/SSN/amount) in the space provided before signing and dating the report and submitting it to APERS.

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