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general:balancing_on-behalf_amounts

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Balancing On-Behalf Amounts

The following calculations are based on the Payroll Earnings Register (for all frequencies). Be sure to reference the TRS website: https://www.trs.texas.gov/Pages/re_contribution_rates.aspx to obtain the most current TRS rates.

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

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

IMPORTANT: The following is only an example of the calculation. Be sure to use the current TRS rates and your LEA's calculations.

Expected On-Behalf Amountminus Statutory Minimum (TRS 373/HRS4000)Difference
$403,558.80- $95,731.20*
minus Federal TRS (TRS 3)*

- $31,599.72
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)

- $270,038.07
= ($0.45)

Small differences can be attributed to rounding.

general/balancing_on-behalf_amounts.1579549429.txt.gz · Last modified: 2020/01/20 14:43 (external edit)