One-Time Pay Increases in lieu of Increases in Contract Rates
For one-time pay increases to be TRS-eligible compensation, the pay must be for service rendered and the right t
Employers
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Penalty Interest
When TEXNET is transmitted after the due date, penalty interest is due to TRS.
Terms of Use for RE Portal and for Submitting and/or Accessing Confidential Participant Information via the Portal
Terms of Use
Your use of the TRS RE Portal (the portal) is governed by the terms and conditions sta
RE Ledger Balances
Use the View RE Ledger function in the RE Portal to view the RE Ledger Balance for each contribution account.
IRS Salary Cap
Some highly paid members may have their annual creditable compensation limited in accordance with Section 401(a)(17) of the Internal Revenue Code. These limits affect individuals who joined TRS for the first time on or after September 1, 1996. The annual limit is subject to indexing each plan year, based on federal regulations. Amounts excluded from creditable compensation under this law are not subject to member contributions and will not be used in calculating benefits.
TRS-Care Surcharge Information
The TRS-Care surcharge is reported through the Employment After Retirement report and is due on
Penalty Fees
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 $1,000 per business day, for each business day that a required employer report is late. There is a cap of $25,000 per report month on the late fees for each report.