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general:balancing_on-behalf_amounts [2018/07/24 18:20] – external edit 127.0.0.1general: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.  
 +</WRAP> 
 + 
 +The following calculations are based on the Payroll Earnings Register (for all frequencies).  
    
 **Expected On-Behalf Amount Calculation** **Expected On-Behalf Amount Calculation**
    
-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) x TRS Rates (State Contribution 7.5% + Federal TRS-Care 1.25% = .0875) = **Expected On-Behalf Amount** 
 + 
 +**Example**: 
 +|Total TRS Gross from the Payroll Earnings Register (Pay Frequency 6 and 5)|multiplied by TRS Rates|Expected On-Behalf| 
 +|$5,013,152.85|x .0875|= **$438,650.87**|
  
-|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| 
-|$5,013,152.85|x .07644|= **$383,205.40**| 
    
    
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 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 - Statutory Minimum - Federal TRS* - Federal TRS-Care* - New TRS Member Pension Contribution - Actual TRS On-Behalf Report + TRS-Care = Difference
  
- + 
 +**Example**: 
 |Expected On-Behalf Amount|minus Statutory Minimum (TRS 373/HRS4000)|Difference| |Expected On-Behalf Amount|minus Statutory Minimum (TRS 373/HRS4000)|Difference|
-|$383,205.40|- $75,377.63*| | +|$438,650.87|- $130,823.27*| | 
-| |minus Federal TRS (TRS 3)*\\  \\  - $31,599.72| |+| |minus Federal TRS (TRS 3)*\\  \\  - $51,599.27| |
 | |minus Federal TRS-Care (TRS 489)*\\  \\  - $4,771.00| | | |minus Federal TRS-Care (TRS 489)*\\  \\  - $4,771.00| |
 | |minus New TRS Member Pension Contribution\\  \\  - $1,419.26| | | |minus New TRS Member Pension Contribution\\  \\  - $1,419.26| |
-| |minus Actual TRS On-Behalf Report (HRS4150)\\  \\  - $270,038.07| | +| |minus Actual TRS On-Behalf Report (HRS4150)\\  \\  - $250,037.62| | 
-| | |= ($0.28)|+| | |= ($0.45)|
    
  
 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 website 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.1532456402.txt.gz · Last modified: 2018/07/24 13:20 (external edit)

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