What is a SRA Form 714, Current and Prior Period Hours Adjustment?
The SRA 714 Form allows you to make changes and corrections to pay records that were previously reported to us through your regular method of submitting payroll records to the State Retirement Agency. (See employer forms section for copy of form.) • When do I use a SRA Form 714? A SRA Form 714 is used when you want to change a previously reported pay record for any reason. You can change contributions, actual hours worked, standard hours, actual salary and the annualized salary. Generally, the SRA Form 714 is used to correct errors, used to process check cancellations, and/or used to report retroactive salary adjustments. Please keep in mind: • If you are adjusting a previous reported pay record, the contributions you send us plus or minus the SRA Form 714 adjustments must equal the payroll data you are sending to the State Retirement Agency. • If you are reporting a previously unreported pay record, we will send the member a bill for the missing contributions when appropriate. • If yo
