As the fiscal year ends, employers have key reporting and payment tasks to complete. Thank you for helping ensure a smooth close to the year and a timely start to the next one.
Start With June Snapshots and Payments
Confirm June snapshots and schedule payments before the end of June, once all monthly activity is known. Completing this step as early as possible helps VRS close out the fiscal year on time. If paying by ACH debit, you will need to confirm your June snapshot no later than July 7 for the payment to be scheduled by July 10.
Year‑end processing involves multiple steps across many employers, and timely submissions keep everything on track.
For detailed instructions, see the Contribution Confirmation and Payment Scheduling chapter of the VRS Employer Manual.
Take Action on These Items Too
- Update salary information. When you report July salary increases to VRS, be sure to also update your payroll system so the full July contribution amount is collected.
- Update employees’ contract details. Make any necessary contract changes within the 10‑business‑day window after confirming your snapshot and before contracts auto‑renew.
The Fiscal Year-End Reminders webpage walks through June and July processing tasks step by step and is the best place to check requirements and deadlines.
Questions?
If you need help with year‑end reporting, contact VRS Employer Support.
