Performance Pay is a type of compensation category that specific employees are able to earn if they meet qualifications that were approved by the RE in advance. Performance Pay applies only to public and charter schools (see TRS Laws, Section 822.201 of the Texas Government Code for additional information).
Performance Pay is considered to be TRS-eligible compensation, provided that the employee meets all the requirements for the pay.
Performance Pay Certification
In this example, the Total Gross Compensation of $6,000 is the sum of the Eligible TRS Gross Compensation of $5,000 and the Performance Pay Gross of $1,000. No ineligible compensation is being reported.
The Member Contribution is calculated on the sum of the Eligible TRS Gross Compensation and the Performance Pay Gross: $6,000 x 8.25% = $495. The Member TRS-Care Contribution is $6,000 x 0.65% = $39.