It is extremely important that you furnish PERF with complete and accurate information whenever an employee leaves a PERF-covered position. This information allows us to credit the employee with the correct amount of contributions and service credit. It also makes it possible for PERF’s actuaries to accurately assess future liabilities and correctly determine your contribution rate. Separation from employment must be reported via ERM. For employees who quit, retire, or are terminated, a last day in pay and a last check date must be supplied through a wage and contribution submission or a life event update. For employees who leave a covered position but stay with the same employer, a last day in covered position should be supplied via ERM. Separation information can be provided via the Modify Member section of ERM or it can be included in the employer’s payroll based report.
See the Member Management User Manual, available from the ERM Manuals page, for more information on entering life events in ERM.