RETIRED PARTICIPANTS

• Respond to calls for assistance: lost check, change of address, change of bank for direct deposit and changes in withholding tax or insurance premium deductions.
• Provide same communication materials furnished to active employees.
• Determine that annual Form 1099-R is sent and correctly reflects retiree?s pertinent information.
• Administer COLA provisions if applicable.

COORDINATION WITH PLAN SPONSOR (e.g., City Hall departments)

Finance Department:

• Receive payroll data via modem, disk or hard copy
• Provide information re. expenses paid by plan for posting to general ledger
• Exchange of required information during annual audit

City Clerk’s Office:

• Furnish minutes and other requested documents to records custodian
• Furnish agendas and meeting Notices as specified by ordinance or other rules of procedure applicable to employee benefit plans