The following calculations are based on annual amounts and general fund distributions. These calculations should be used to verify the TRS 373* and On-Behalf** amounts on the Next Year Interface Budget Reports. These reports are created through the Interface NY Payroll to NY Budget Extract Reports.
Adjusted State Minimum Calculation
State Minimum Salary (as recorded on the Job Info tab) x District CEI Rate = Adjusted State Minimum Salary
State Minimum Salary | multiplied by District CEI | Adjusted State Minimum Salary |
$29,589.00 | x 1.11 | = $32,843.79 |
Adjusted TRS Salary above Adjusted State Minimum Calculation
Eligible TRS Salary - Adjusted State Minimum = Adjusted TRS Salary above Adjusted State Minimum
Eligible TRS Salary | minus Adjusted State Minimum | Adjusted TRS Salary above Adjusted State Minimum |
$36,000.00 | - $32,843.79 | = $3,156.21 |
TRS 373 District Contribution Calculation
Adjusted TRS Salary above Adjusted State Minimum x TRS 373 District Contribution Percentage (6.644%) = TRS 373 District Contribution
Adjusted TRS Salary above Adjusted State Minimum | multiplied by TRS 373 District Contribution Percentage (6.644%) | TRS 373 District Contribution |
$3,156.21 | x .06644 | = $209.70 |
State Matching Calculation
Eligible TRS Salary x TRS Rates (District 6.644% + TRS-Care 1%) = State Matching
Eligible TRS Salary | multiplied by TRS Rates (District 6.644% + TRS-Care 1%) | State Matching |
$36,000.00 | x .07644 | = $2,751.84 |
TRS On-Behalf Calculation
State Matching - TRS 373 District Contribution = TRS On-Behalf
State Matching | minus TRS 373 District Contribution | TRS On-Behalf |
$2,751.84 | - $209.70 | = $2,542.14 |
For additional information regarding TRS 373, go to the TRS website at: www.trs.state.tx.us/employers.jsp?submenu=traqs&page_id=/traqs/payroll_reporting_manual_main/traqs/payroll_reporting_manual_main.
For additional information regarding TRS On-Behalf, go to the TEA website at: http://tea.texas.gov/Finance_and_Grants/Financial_Accountability/Financial__Accountability_System_Resource_Guide/.