Our New Employer Portal: Coming This Spring.
This spring we’ll be replacing our Pension Tracking System (PTS) with a new employer portal that will give you more flexibility and control managing our retirement and long term disability (LTD) plans.
Among other features, the new system will:
- Track employer and employee contributions separately
- Enable participants to take advantage of increased IRS contribution limits on a calendar-year rather than a plan-year basis
- Support our upcoming Roth 403(b) option, which will allow participants to make post-tax contributions to their retirement account
|Launch Date: Watch for our announcement of the “go live” date as well as additional information and a comprehensive tutorial to help you make the switch to the new system.|
||Your Data: We need your help to track employer and employee retirement contribution information for each payment you’ve made or will make in the PTS system after January 1, 2018. We’ve prepared a simple Contribution Form for you to fill out and email to Julia Kim immediately after making any payments in PTS.|
We need some help from you to offer new features and take advantage of the new portal tools. Please read these Frequently Asked Questions for more information on how this process will unfold over the next couple of months.
I’ve already scheduled a future payment in PTS. What should I do?
Please download the Contribution Form and provide the corresponding information for every payment. Remember to use a separate form for each payment.
What should I do if I’ve already made a payment in PTS in 2018?
Simply download the Contribution Form and provide the corresponding information for every payment. Remember to use a separate form for each payment.
Why do I need to email RPB a Contribution Form?
RPB is now testing IRS limits on a calendar-year basis instead of a plan-year basis and at a more granular level than before, so this new information will facilitate the limit testing process. One benefit to this is if IRS contribution limits for employees increases January 1 (as they did in 2018), participants can start contributing at those increased levels earlier in the year.
Tracking this information will also allow us to support our Roth 403(b) option and increase transparency into how much money the employer and participants are contributing into their retirement plans.
How long will we need to email RPB the Contribution Form?
Once this new portal is live, you will be able to enter and track this information in the new system.