Calculating TRS 373 and On-Behalf (Annual Amounts/General Fund/New Member)
The following calculations are based on annual amounts, general fund distributions, and a new member. 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 Payroll > Next Year > Interface NY Payroll to NY Budget > Extract Report.
1. Adjusted State Minimum Calculation
A. State Minimum Salary (as recorded on the Job Info tab)/Number of Annual Payments x New Member Waiting Period (90 Days) = State Minimum Salary - New Member Waiting Period (90 Days)
B. State Minimum Salary - New Member Waiting Period (90 Days) x District CEI Rate = Adjusted State Minimum Salary
| (A) State Minimum Salary | (B) multiplied by District CEI | (B) Adjusted State Minimum Salary |
| $29,589.00 | x 1.11 | = $32,843.79 |
2. Adjusted TRS Salary above Adjusted State Minimum Calculation
A. Eligible TRS Salary/Number of Annual Payments x New Member Waiting Period (90 Days) = Eligible TRS Salary - New Member Waiting Period (90 Days)
B. Eligible TRS Salary - New Member Waiting Period (90 Days) - Adjusted State Minimum = Adjusted TRS Salary above Adjusted State Minimum
| (A) Eligible TRS Salary | (B) minus Adjusted State Minimum | (B) Adjusted TRS Salary above Adjusted State Minimum |
| $36,000.00 | - $32,843.79 | = $3,156.21 |
3. 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 |
4. Adjusted State Minimum Calculation
TRS 373 District Contribution/Number of Annual Payments = Monthly TRS 373 District Contribution x Number of Annual Payments less the New Member Waiting Period = New Member Adjusted TRS 373 District Contribution
| TRS 373 District Contribution | divided by Number of Annual Payments | equals Monthly TRS 373 District Contribution | multiplied by Number of Annual Payments less the New Member Waiting Period, 90 days (12 months - 3 months) | New Member Adjusted TRS 373 District Contribution |
| $209.70 | /12 | = $17.48 | x 9 | = $157.32 |
5. State Matching Calculation
Eligible TRS Salary - New Member Waiting Period (90 Days) x TRS Rates (District 6.644% + TRS-Care 1%) = State Matching
| Eligible TRS Salary minus New Member Waiting Period (90 Days) | multiplied by TRS Rates (District 6.644% + TRS-Care 1%) | State Matching |
| $36,000.00 | x .07644 | = $2,751.84 |
6. TRS On-Behalf Calculation
State Matching - TRS 373 District Contribution - New TRS Pension Contribution = TRS On-Behalf
| State Matching | minus TRS 373 District Contribution | minus New TRS Pension Contribution | TRS On-Behalf |
| $2,751.84 | - $157.32 | - $597.96 | = $1,996.56 |
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.
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.