As a reminder for reporting creditable compensation, the following types of pay should be excluded and only included in “Total Gross Compensation” on the RP20 records. If a TRS membership eligible employee receives a payout of only ineligible compensation …
When submitting Employment after Retirement (ER) reports, each report month should contain the actual days and hours worked by a retiree within that calendar month and the actual pay that was issued during that calendar month. Reporting Entities (REs) …
TRS 'Full Payroll' rules require Reporting Employers (REs) to provide monthly reports on eligible and ineligible employees via the Regular Payroll (RP) report, and all TRS Retirees on the Employment After Retirement (ER) report. To clarify TRS reporting …
Certain higher education employees may be eligible to make a one-time, irrevocable election to participate in the Optional Retirement Program (ORP) in lieu of membership in TRS. Eligibility to participate in ORP is determined by the employing higher …
Corrections to TRS membership accounts are limited, so it’s important to address them as soon as possible. Please review any potential corrections and send the necessary information to your TRS coach promptly so a full review can be completed and any …
Has this happened to you? All of the Regular Payroll (RP) or Employment After Retirement (ER) record errors have cleared, but an error message remains for an outstanding balance. Below are some recommendations for Reporting Employers (REs) to avoid or …
As a calendar year draws to a close, REs may have some individuals who are retiring midyear. Here are some items to keep in mind as you close out these employees and prepare to submit their retirement certification. Also included are some reminders for …
The Governmental Accounting Standards Board (GASB) requires TRS to have sufficient controls to ensure our REs will report complete and accurate data. As part of this initiative, if records are deleted from your monthly Regular Payroll (RP) or Employment …