Reporting units must accept their retirement reports by the 5th state of Michigan business day after the related pay period end date. See the list of ORS Non-Business Days.
The retirement statute, Public Act 300 of 1980, specifically MCL 38.1342(7), requires ORS to charge a fee on incomplete retirement reports. Any employer with retirement reports that are not accepted by the due date are considered incomplete and will be assessed a $50 fee the day after the report was due. For every pay cycle that a retirement report is incomplete an additional $50 fee will be assessed.
To ensure you receive all email notifications, including those indicating you have been assessed a fee, make sure you maintain reporting unit contact information. See sections 12.03: Updating your user account and 12.11: Maintaining business contact information for more information.
Last updated: 09/03/2015