Question:  How is an employee terminated from WRS coverage?

Answer:

To terminate employees from WRS, the employer completes an Employee Transaction Report, ET-2533, following instructions in Chapter 8 of the WRS Administration Manual.

Reporting terminated employees within one week after final earnings have been paid ensures WRS benefit payments will be made timely to employees.

The employees' home addresses should be included on the Employee Transaction Report when reporting terminated employees. This address information enables inactive employees to continue to receive an annual Statement of Benefits directly from ETF.

If deductions are taken from employees' paychecks for Employee Required Contributions and/or for Benefit Adjustment Contributions, the amounts deducted should be included in those columns on the Employee Transaction Report. These amounts are used for tax information, at the time an employee's benefit is calculated.