Training Tidbit: Wyoming Rehired Retiree Fee
As you are aware, an employer who hires a retired employee (one who is drawing a benefit check from the Wyoming Retirement System) is required to pay a fee equal to the member and employer contributions of the rehired employee’s salary. The fee is only applicable if the rehired employee is associated with an authorized position and the employer pays the rehired employee over $1,000 in a month. The rehired retiree fee is due the same date as the regular retirement contributions. One check for the regular retirement contributions and the employer fee can be submitted, or separate checks can be sent.
Click here to review the instructions showing how to set up the rehired retiree fee deduction within the School Accounting System, process the deduction, and then include the rehired retiree fee on the retirement report submitted to the Retirement Office.