Contributory Retirement System

Provides PERA Compliant Accounting System

Functionality

• Customized Chart of Accounts
• Accounts Payable processing
• Cash Receipts
• Payroll Distribution
• Journal Entries
• Single Entry Posting

Reporting Capabilities

• Balance Sheet Cash Distribution & Receipts
• Vendor History Listing
• 1099R
• Annual Statement Accounting Section
• General Ledger & Trial Balance

Automates Administration of Active and Retired Member Responsibilities

Functionality

• Life Card maintenance Payroll - pay splits, attached pay, direct deposit
• 1099R, Box 2A calculation
• Optional 20% federal tax deduction on refunds
• Simplified general rule worksheets

Reporting Capabilities

• Report and tape for PERA active/retired member actuarial study Year-end supplemental report
• Tape or modem transmission of 1099Rs
• Active/Retired member labels

Additional Features

• Securities Module tracks investment activity, provides data for Annual Statement & generates Schedules
• 3A to 4C Interfaces with Payroll Administration Module
• Report Generator allows for customized database manipulation and report creation
• Two levels of system security prevent unathorized access and use by terminal and function