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payroll:tables:taxdeductions:trsrates

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payroll:tables:taxdeductions:trsrates [2020/05/07 20:33] – emorenopayroll:tables:taxdeductions:trsrates [2025/09/03 16:20] (current) – emoreno
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 //**Payroll > Tables > Tax/Deductions > TRS Rates**// //**Payroll > Tables > Tax/Deductions > TRS Rates**//
  
-<WRAP round intro>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). Or, access TRS webpage: https://www.trs.texas.gov/Pages/re_contribution_rates.aspx to obtain the current contribution rates. +<WRAP round intro>This 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). Or, access TRS webpage: https://www.trs.texas.gov/Pages/re_contribution_rates.aspx to obtain the current contribution rates. 
 </WRAP> </WRAP>
  
  
 ====Set up TRS rates:==== ====Set up TRS rates:====
- 
  
  
 ^ Field                                        ^ Description   ^  /*Table with two rows*/ ^ Field                                        ^ Description   ^  /*Table with two rows*/
-^School Year|Verify that the correct year is displayed. The data in this field can be changed by typing the correct four-digit year.\\  \\  To create a new TRS rates record, type the new year and click **Retrieve**. A message is displayed indicating that the new record is populated based on the prior year record, click **Save** to retain the record.|+^School Year|Verify that the correct year is displayed. The data in this field can be changed by typing the correct four-digit year.\\  \\  To create a new TRS rates record, type the new year and click **Retrieve**. A message is displayed indicating that the new record is populated based on the prior year's record, click **Save** to retain the record.|
  
-^TRS Rate|Type the current TRS rate.| +^TRS Rate (Member Retirement Contribution)|Type the current TRS rate.| 
-^TRS Fee|Type a dollar amount with two places to the right of the decimal.| +^TRS Insurance (Member Care Contribution)|{{page>general:trsinsurance}} | 
-^TRS Insurance|{{page>general:trsinsurance}} | +^District Rate (State Contribution)|Type the TRS rate used to calculate the district contribution on the TRS 373 report.| 
-^District Rate|Type the TRS rate used to calculate the district contribution on the TRS 373 report.| +^TRS Care Rate (Federal TRS Care)|Type the TRS-Care rate for the district. This number is equal to the rate of the TRS-Care insurance for the district and is a rate charged against salaries paid from federal grants.| 
-^TRS Care Rate|Type the TRS-Care rate for the district. This number is equal to the rate of the TRS-Care insurance for the district and is a rate charged against salaries paid from federal grants.| +^TRS Care Emplr Contrib (RE TRS Care Contribution)|Type the employer's contribution rate.|
-^TRS Care Emplr Contrib|Type the employer's contribution rate.|+
 ^TRS IRS Salary Cap|{{page>general:trsirssalarycap}}| ^TRS IRS Salary Cap|{{page>general:trsirssalarycap}}|
-^TRS Non-OASDI (Old Age, Survivors, and Disability Insurance) Rate|{{page>general:trsnonoasdi}}|+^TRS Non-OASDI (Old Age, Survivors, and Disability Insurance) Rate (Public Education Employer Contribution (PEEC))|{{page>general:trsnonoasdi}}|
  
 VCV Click **Save**. VCV Click **Save**.
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 ====Other functions and features:==== ====Other functions and features:====
  
-^Retrieve|++Retrieve data.|{{page>general:retrieve}}++| +^Retrieve|{{page>general:retrieve}}| 
-^Delete|++Delete tax tables.|{{page>general:deletetaxtables}}++| +^Delete|{{page>general:deletetaxtables}}| 
-^Print|++Print the tax table data.|{{page>general:print_tax_tables}}++|+^Print|{{page>general:print_tax_tables}}|
  
  
payroll/tables/taxdeductions/trsrates.1588883587.txt.gz · Last modified: 2020/05/07 15:33 (external edit)

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