Payroll Basics Game 1

What is the Social Security Wage Base for 2023?

• 160,000.00

• 200,000.00

• There is no wage base

• 160,200.00

How do you determine if a position is certificated?

• The position works with students

• The position requires a CTC credential

• The position is at a school site

• The employee is a STRS member

How are Board members treated?

• As Independent Contractors paid through accounts payable

• As an employee with all benefit offered to employees

• As an elected official paid through payroll; taxed, offered 457(b), no pension, no SUI

• As an employee no taxes, no pension

A CalSTRS retiree can return to work:

• The day after retirement

• After 180 days of being retired with CalSTRS

• When their spouse retires

• Never

When hiring a CalSTRS retiree, employers are required to:

• Notify STRS of the retiree being hired

• Notify the County Office in which the person is hired

• Notify no one

• Notify retiree of their earnings limitation and requirements to report all earnings to STRS

When hiring a CalPERS retiree they...

• Can start working the day after retirement

• Must wait 180 days after retirement

• Make plans to return prior to retirement

• Continue working with no separation from service with employer

CalPERS retiree can work...

• As many hours as they wish

• 960 hours per employer in fiscal year

• 960 hours for all employers in a fiscal year

• 960 hours for all employers in a calendar year

If an employer fails to appoint a retiree to the MyCalPERS system within 30 days of hire, the employer will be assessed:

• $500.00 administrative fee

• $200.00 late appointment fee

• $200.00 late appointment fee for each month not appointed

• No fees are assessed

If an employer fails to report retiree earnings within 30 days of work performed, the employer will be assessed:

• $200.00 late reporting fee

• $200.00 per month until pay rate and hours are reported for each period

• $500.00 per month until pay rate and hours are reported for each period

• No fees

Retirees and regular employees hired after what date, are required to pay into Medicare?

• March 31, 1960

• March 31, 2000

• March 31, 2005

• March 31, 1986