Formula for new employees:
For pay frequency = 6
90-day periods = 1 + (month of end 90-day period - starting accounting period)
For pay frequency = 4 or 5
90-day periods = (90-day periods x 2)
Employer TRS contribution for 90-day employees = ((annual TRS gross/number of annual payments) x 90-day periods) x TRS district rate
Example 1
Pay frequency 6 employee has 11-05-2005 in the End-90 Day Period field on the Pay Info page. The starting accounting period is entered as 9. Annual salary is $24,000 and annual payments = 12
Then, 90-day periods = 1 + (11 - 9) or 3
Employer TRS Contribution for 90-day employees = (($24,000/12) x 3 ) x .0658 or $394.80
Example 2
Pay frequency 4 employee has 10-05-2005 in the End-90 Day Period field on the Pay Info page. The starting accounting period is entered as 9. Annual salary is $24,000 and annual payments = 26
Then, 90-day periods = (1 + (10 – 9)) x 2 or 4
Employer TRS Contribution for 90-day employees = (($24,000/26) x 4 ) x .0658 or $242.95