Happy Holidays!

As you might have expected we have received the annual W2 related release for 2016.  The changes, excerpted below, do not require any functional changes at the locations.

. Modify the laser printed Form W-2 year displayed to 2016. 
. Add 2016 Tier Retirement Codes T, C, 7, 8, and D to the existing retirement code values, which are picked up when setting the employee’s Qualified Pension Indicator for the W-2 process.
. Collect the new 2016 Pension Tier GTNs (722, 724, 728 and 748) into the UCRP Amount and report them in Box 14 of the 2016 W-2.
. Add the new pension tier information to the footnote on the SSA/IRS file layout.
. Add the new pension tier GTNs to the footnote on the OW2 layout.
. Report employer contributions to a health savings account (HSA), including amounts the employee elected to contribute on the W-2 in Box 12 using code W
. Add the YTD balances in GTN 612 (employee contribution) and GTN 613 (employer contribution) and report the total on the 2016 W-2 in Box 12 using code W.
. Report 2014 Health FSA unsubstantiated claims on the 2016 W-2 in Box 14.
. Do not report wellness amounts in Box 12 code DD, since wellness program is discontinued

This release is required to be installed prior to the creation of 2016 W-2 documents and we would like your approval as soon as possible.

If you have any questions, comments or concerns please let us know.

Thanks!