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humanresources:tables:taxdeductions:trsrates
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TRS Rates - HRS2400
Human Resources > Tables > Tax/Deductions > TRS Rates
The Teacher Retirement System (TRS) Rates tab is used to maintain the TRS assigned rate that is used to calculate district TRS fees and contributions to the retirees' health insurance program. The TRS rate information must be the most current for the fee and contribution calculations to be accurate. The TRS rate information can be updated at any time and is available through the TRS Payroll Reporting Procedures Manual (go to the TRS website at www.trs.state.tx.us, and select Reporting Officials to obtain a copy of this document).
Set up TRS rates:
| Field | Description |
|---|---|
| School Year | Verify that the correct year is displayed. The data in this field can be changed by typing the correct four-digit year. |
Click Retrieve. The TRS rate data is displayed
| TRS Rate | Type the current TRS rate (e.g., 7.70%). |
|---|---|
| TRS Fee | Type a dollar amount with two places to the right of the decimal. |
| TRS Insurance |
Click Save.
Other functions and features:
humanresources/tables/taxdeductions/trsrates.1508870051.txt.gz · Last modified: 2017/10/24 13:34 (external edit)