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general:balancing_on-behalf_amounts [2020/01/20 20:22] – emorenogeneral:balancing_on-behalf_amounts [2020/01/20 20:46] (current) – emoreno
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-403558.80=====Balancing On-Behalf Amounts=====+=====Balancing On-Behalf Amounts=====
  
 <WRAP Box> <WRAP Box>
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 **Expected On-Behalf Amount Calculation** **Expected On-Behalf Amount Calculation**
    
-Total TRS Gross from the Payroll Earnings Register (Pay Frequency 6 and 5) x TRS Rates (State Contribution % + Federal TRS-Care %) = **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**| 
    
    
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- +**Example**: 
 |Expected On-Behalf Amount|minus Statutory Minimum (TRS 373/HRS4000)|Difference| |Expected On-Behalf Amount|minus Statutory Minimum (TRS 373/HRS4000)|Difference|
-|$403,558.80|- $95,731.20*| | +|$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| |
 | | |= ($0.45)| | | |= ($0.45)|
    
  
 Small differences can be attributed to rounding. Small differences can be attributed to rounding.
- 
  
  
general/balancing_on-behalf_amounts.1579551764.txt.gz · Last modified: 2020/01/20 15:22 (external edit)

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