Problem: Employees must be appropriately coded into the retirement plans they fall under to ensure that their contributions are going towards the right account. In the event of a coding error, DCPS must contact the Office of Pay and Retirement Services (OPRS) to initiate the transfer of funds from the incorrect retirement account to the correct retirement account.
Draft a brief memo (100-200) notifying OPRS of a retirement error that includes the below details:
- Impacted employee: Alex Smith- Employee ID: 00082999- Correct retirement plan: CSRS- Incorrect retirement plan: 401(a)- Hire date: 1/3/1986- 401(a) contributions period: 1/3/1986 - 2/2/1999- Total 401(a) contributions: $5,400- Request for OPRS: calculation of CSRS contributions and Medicare taxes for Mr. Smith for the period he was placed in the incorrect plan.
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