Category: Payroll

A woman looks through the viewfinder on a 35mm camera pointed at the viewer. Projected onto the brick wall behind her and to the right is text reading focus on the monthly reporting process.

Stay Focused on Your Monthly Reporting

October 2024

It’s important to set a process for how you generate, review and reconcile monthly snapshots. Follow these steps.

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Voya Requires Payroll Data Ahead of Record Keeper Transition

August 2024

Voya is gathering payroll data this summer to prepare for the record keeper transition.

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Key Reminders About Hybrid Retirement Plan Rate Separation

August 2024

Need help with new hybrid plan administration changes? Register for one of our upcoming virtual help sessions.

Two halves of a sphere that has cracked jaggedly through the middle. On the left half is text saying defined benefit, and on the right is text reading defined contribution.

Two Components of Hybrid Retirement Plan Now Managed Separately

July 2024

You now administer the defined contribution and defined benefit portions of the plan as separate and independent components.

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DCP Correction Forms No Longer Needed for Errors $50 and Less

July 2024

You may be able to make corrections through payroll for errors that fall under the $50 threshold.

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Countdown to Hybrid Rate Separation: Are You on Track?

May 2024

After July 1, you will no longer reconcile the defined contributions for hybrid plan members with your monthly VRS snapshot.

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How to Ensure You’re Fully Prepared for Hybrid Rate Separation

April 2024

Monthly snapshots will change, so make sure you consider any impacts on your internal processing.

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What Will Your Snapshots Look Like After Hybrid Rate Separation?

March 2024

Starting this month, VRS will provide Snapshot Comparison reports previewing how your snapshot will look after rate separation.

Two halves of an oval labeled Defined Benefit and Defined Contribution are split down a jagged seam by text that reads July 2024.

Snapshot Comparison Tool Will Help You Prepare for Rate Separation

February 2024

Use these new reports to help visualize how your snapshot will look after hybrid plan rate separation takes place July 1.