- Knowledge Base Categories:
- School Accounting System
- Payroll
Training Tidbit: Wyoming Retirement Reminder
As you are aware, the contribution rates for the Wyoming Retirement System increase to a total of 18.62% on July 1, 2021.
As required by the Wyoming Retirement Office, the transitional payroll covering hours worked in June and July (for example, the pay period from 6/20/2021 to 7/20/2021) must have the old rates reported for the hours worked through June 30, while the hours worked on or after July 1 reported at the new rates, unless the school district has requested and been given approval to calculate the higher rate for the hours worked through June 30.
Click the appropriate link below for the detailed instructions for updating the School Accounting System to meet the Wyoming Retirement Office requirements:
For school districts with a transitional payroll where the old and new retirement rates are calculated: https://docs.su-inc.com/training/images/WYRetTrans.pdf
For school districts that do not have a transitional payroll, or those that received approval to calculate the higher rates for the hours worked through June 30: https://docs.su-inc.com/training/images/WYRetNonTrans.pdf