Many of the services provided by the Office of Retirement Services (ORS) rely on the reporting units providing timely wage, hour and contribution data. Some of these services are: member billings, member statement of accounts, pension payments, and actuarial projections. With the implementation of member self service (miAccount), it is even more critical that ORS have the most up-to-date, timely information available for members.
All employers have been submitting retirement reports via the web since January, 2005. Most employers are loading these reports to the ORS website by the required due dates. However, there are some employers that are not submitting timely.
The retirement statute, Public Act 300 of 1980, specifically MCL 38.1342(7), requires ORS to charge a late fee on missing reports. Beginning January 1, 2009, any employer with retirement reports that are missing or are not submitted by the due date will be assessed a $50 fee for each outstanding report.
For more information on the report due dates or details on the missing report fee, see Section 9.9.3 Missing/Late Reports in the Reporting Instruction Manual.
If you have any other questions, feel free to contact the Employer Reporting Call Center at (517) 636-0166 or ORS Web Reporting.