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general:balancing_on-behalf_amounts [2018/01/03 03:10] – created emorenogeneral:balancing_on-behalf_amounts [2020/01/20 20:46] (current) – emoreno
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 =====Balancing On-Behalf Amounts===== =====Balancing On-Behalf Amounts=====
  
-The following calculations are based on the Payroll Earnings Register (for all frequencies). +<WRAP Box> 
-  +**IMPORTANT**: The following is only an example of the calculation. Be sure to reference the TRS website: https://www.trs.texas.gov/Pages/re_contribution_rates.aspx to obtain the most current TRS rates and use your LEA's calculations.  
-**Expected On-Behalf Amount Calculation** +</WRAP>
-  +
-Total TRS Gross x TRS Rates (State 6.644% + TRS-Care 1%) = **Expected On-Behalf Amount**+
  
-|Total TRS Gross from the Payroll Earnings Register (Pay Frequency 6 and 5)|multiplied by TRS Rates (State 6.644% + TRS-Care 1%)|Expected On-Behalf| +The following calculations are based on the Payroll Earnings Register (for all frequencies). 
-|$5,013,152.85|x .07644|= **$383,205.40**| +
-  +
-{{:general:sample_ytd_payroll_earnings_register_pay_frequency_6_and_5_.jpg| +
-Sample YTD Payroll Earnings Register (Pay Frequency 6 and 5)}} +
-  +
-2      Difference Calculation +
-  +
-Expected On-Behalf Amount - Statutory Minimum - Federal TRS* - Federal TRS-Care* - New TRS Member Pension Contribution - Actual TRS On-Behalf Report + TRS-Care = Difference+
  
    
- +**Expected On-Behalf Amount Calculation**
- +
- +
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- +
-Expected On-Behalf Amount +
-  +
-minus Statutory Minimum (TRS 373/HRS4000) +
-  +
-Difference+
    
 +Total TRS Gross from the Payroll Earnings Register (Pay Frequency 6 and 5) x TRS Rates (State Contribution 7.5% + Federal TRS-Care 1.25% = .0875) = **Expected On-Behalf Amount**
  
-$383,205.40 +**Example**: 
-  +|Total TRS Gross from the Payroll Earnings Register (Pay Frequency 6 and 5)|multiplied by TRS Rates|Expected On-Behalf| 
-- $75,377.63* +|$5,013,152.85|x .0875|= **$438,650.87**|
-  +
-  +
- +
  
    
    
 +**Difference Calculation**
    
-  +Expected On-Behalf Amount - Statutory Minimum - Federal TRS* - Federal TRS-Care* - New TRS Member Pension Contribution - Actual TRS On-Behalf Report + TRS-Care = Difference
-  +
- +
  
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-minus Federal TRS (TRS 3)* 
-  
-  
-  
  
-  +**Example**:  
-  +|Expected On-Behalf Amount|minus Statutory Minimum (TRS 373/HRS4000)|Difference| 
-- $31,599.72 +|$438,650.87|- $130,823.27*| | 
-  +| |minus Federal TRS (TRS 3)*\\  \\  - $51,599.27| | 
- +| |minus Federal TRS-Care (TRS 489)*\\  \\  - $4,771.00| | 
 +| |minus New TRS Member Pension Contribution\\  \\  - $1,419.26| | 
 +| |minus Actual TRS On-Behalf Report (HRS4150)\\  \\  - $250,037.62| | 
 +| | |= ($0.45)|
    
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-minus Federal TRS-Care (TRS 489)* 
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-- $4,771.00 
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-minus New TRS Member Pension Contribution 
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- 
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-- $1,419.26 
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-minus Actual TRS On-Behalf Report (HRS4150) 
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-- $270,038.07 
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-= ($0.28) 
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-Sample TRS 373 Report 
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-Sample TRS 3 Report 
- 
-Sample TRS 489 Report 
- 
-Sample New TRS Member Report 
- 
-Sample TRS On-Behalf Report 
  
 Small differences can be attributed to rounding. Small differences can be attributed to rounding.
  
-For additional information regarding TRS On-Behalf, go to the TEA Web site at: www.tea.state.tx.us/school.finance/audit/resguide12/far/far-91.html#P4151_336554. 
- 
-* This amount should not include the child nutrition amount. 
  
  
  
  
general/balancing_on-behalf_amounts.1514949034.txt.gz · Last modified: 2018/01/02 22:10 (external edit)

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