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Employers Manual
Annual Reporting
Annual Report Instructions
The amount of regular (taxed)
contributions, picked-up (tax-deferred) contributions, accrued contributions
and service credit should be recorded in the appropriate columns.
Please include members in the correct listing — either an active member or reemployed retiree. Members retiring midyear and then returning to employment will have two entries on the Annual Report.
Regular (Taxed) Contributions: This column is for reporting any member contributions that were included in the individual’s income for federal and state income taxes. No picked-up (tax-deferred) contributions should be included in this column.
Picked-up (Tax-deferred) Contributions: The amount of member contributions “picked up” or tax-deferred by the employer, either through salary reduction or paid in addition to salary, should be reported in this column.
For each member, the sum of the regular (taxed) contributions column and the picked-up (tax-deferred) contributions column should equal the total member contributions for the fiscal year.
Accrued Contributions: Contributions on salary earned by June 30 but not paid until July and August should be reported in this column. For example, a teacher has a contract of $45,000 for nine months of work from September to June, and the school has contributions deducted on a pretax basis. Her work is completed by June 5, but she is paid over 12 months. By the end of June, she has been paid $37,500 and the remaining $7,500 will be paid to her during July and August. Total pickup contributions reported remain $4,500. In addition, contributions on the $7,500, or $750, are accrued contributions and should be reported separately on the Annual Report.
Service Credit: This column is used for reporting service credit. The amount of service credit earned during the fiscal year should be recorded for each member (except reemployed retirees), whether the individual earned a full or partial year of credit.
Reporting service credit earned is not required for reemployed retirees. See the Employment of Retired Ohio Teachers Section for information about the employment of retirees.
