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FAQ: Are there reports available to show employees who qualify for Iowa Retirement or show employees who have a variance?

Yes, the following reports are available within the Iowa Monthly Retirement Report option to show the employees who qualify for retirement and to show employees with a variance.

  • Print the IA Wages Comparison Report to determine if an employee qualifies for IPERS by earning $1,000 or more in two consecutive quarters.  An asterisk will print at the end of the line for those employees who do qualify as a reminder for you to set them up for IPERS.
  • Print the IA Monthly Retirement Variance Report (or the IA Quarterly Retirement Variance Report, if desired) to determine if there is a variance between the retirement gross and the FUTA gross wages for employees in the month (or quarter) being reported.  Normally, the retirement gross should equal the FUTA gross wages, and so this report will print an asterisk at the end of the line for any employee in the month that has a variance.  Typically, the IA Monthly Retirement Variance Report is generated (rather than the quarterly one) in order to identify and resolve any issues for the current month being reported, rather than waiting to review the totals every quarter.