Penalty Fees accrue for each business day the report is not at a “Complete” status after the due date. The penalty fee is based on the number of TRS eligible members reported on the May report for the previous school year. The late fee is not to exceed …
The Regular Payroll report and TEXNET deposit associated with that report are due by the 6th of the month following the close of the calendar month for which the reports are prepared. TEXNET deposits must be transmitted via TEXNET no later than 8 p.m. …
For one-time pay increases to be TRS-eligible compensation, the pay must be for service rendered and the right to receive it must accrue proportionately as the employee renders service. For example, if the Board of Trustees approves a one-time payment …
The Pulse , May 2023 Edition When it comes to your TRS-ActiveCare plan, you have many options. It starts with choosing either a high deductible plan or physician-directed plan during annual enrollment. Once you enroll in your plan and need to go to the …
Actuarial Valuation Updates Results of TRS Valuation Update as of 2/28/13 Actuarial Valuation Reports 2015 Actuarial Valuation Report for the TRS-Care Fund 2015 Actuarial Valuation Report for the Pension Fund 2014 Actuarial Valuation Report …
The Government Affairs department monitors state legislation that may affect the Teacher Retirement System of Texas. The department provides information to legislators, government officials, and other stakeholders. For bill text, fiscal notes, actuarial …
COLAs and Stipends The 88 th Texas Legislative Regular Session concluded May 29, 2023. Below is information about TRS-related legislation regarding retiree benefit enhancements such as the one-time 2024 cost-of-living adjustments (COLAs) and one-time 2024 …