Business

User Tools

Site Tools

Trace: • (Optional) Assign credit card codes to users • Balancing On-Behalf Amounts • Depreciation Distribution Fund Rollover - BAM6000 • Extract - HRS8300 • assetmanagement_search_for_items
general:balancing_on-behalf_amounts

Differences

This shows you the differences between two versions of the page.

Link to this comparison view

Both sides previous revisionPrevious revision
Next revision		Previous revision
general:balancing_on-behalf_amounts [2020/01/20 19:30] – emorenogeneral:balancing_on-behalf_amounts [2025/09/08 15:58] (current) – emoreno
Line 1: Line 1:
 =====Balancing On-Behalf Amounts===== =====Balancing On-Behalf Amounts=====
  
-The following calculations are based on the Payroll Earnings Register (for all frequencies). Reference the TRS website: https://www.trs.texas.gov/Pages/re_contribution_rates.aspx to obtain the current TRS rates. +<WRAP Box> 
 +**IMPORTANT**: The following is only an example of the calculation. Be sure to reference the TRS website: https://www.trs.texas.gov/Pages/re_contribution_rates.aspx to obtain the most current TRS rates and use your LEA's calculations.  
 +</WRAP> 
 + 
 +The following calculations are based on the Payroll Earnings Register (for all frequencies).  
    
 **Expected On-Behalf Amount Calculation** **Expected On-Behalf Amount Calculation**
    
-Total TRS Gross from the Payroll Earnings Register (Pay Frequency 6 and 5) x TRS Rates (State % + TRS-Care %) = **Expected On-Behalf Amount**+Total TRS Gross from the Payroll Earnings Register (Pay Frequency 6 and 5) x TRS Rates (State Contribution 8.25% + Federal TRS-Care 1.25% = .0950) = **Expected On-Behalf Amount** 
 + 
 +**Example**: 
 +|Total TRS Gross from the Payroll Earnings Register (Pay Frequency 6 and 5)|multiplied by TRS Rates|Expected On-Behalf| 
 +|$|x .0950|= $| 
    
    
Line 12: Line 22:
 Expected On-Behalf Amount - Statutory Minimum - Federal TRS* - Federal TRS-Care* - New TRS Member Pension Contribution - Actual TRS On-Behalf Report + TRS-Care = Difference Expected On-Behalf Amount - Statutory Minimum - Federal TRS* - Federal TRS-Care* - New TRS Member Pension Contribution - Actual TRS On-Behalf Report + TRS-Care = Difference
  
-<WRAP Box> + 
-**IMPORTANT**: The following is only an example of the calculation. Be sure to use the current TRS rates and your LEA's calculations.  +**Example**: 
-</WRAP> +
- +
 |Expected On-Behalf Amount|minus Statutory Minimum (TRS 373/HRS4000)|Difference| |Expected On-Behalf Amount|minus Statutory Minimum (TRS 373/HRS4000)|Difference|
-|$403,558.80|- $95,731.20*| | +|$|- $*| | 
-| |minus Federal TRS (TRS 3)*\\  \\  - $31,599.72| | +| |minus Federal TRS (TRS 3)*\\  \\  - $| | 
-| |minus Federal TRS-Care (TRS 489)*\\  \\  - $4,771.00| | +| |minus Federal TRS-Care (TRS 489)*\\  \\  - $| | 
-| |minus New TRS Member Pension Contribution\\  \\  - $1,419.26| | +| |minus New TRS Member Pension Contribution\\  \\  - $| | 
-| |minus Actual TRS On-Behalf Report (HRS4150)\\  \\  - $270,038.07| | +| |minus Actual TRS On-Behalf Report (HRS4150)\\  \\  - $| | 
-| | |= ($0.45)|+| | |= ($)|
    
  
 Small differences can be attributed to rounding. Small differences can be attributed to rounding.
- 
  
  
general/balancing_on-behalf_amounts.1579548626.txt.gz · Last modified: 2020/01/20 14:30 (external edit)

Page Tools

Except where otherwise noted, content on this wiki is licensed under the following license: CC Attribution-Share Alike 4.0 International

Americans with Disabilities Act (ADA) and Web Accessibility

The Texas Computer Cooperative (TCC) is committed to making its websites accessible to all users. It is TCC policy to ensure that new and updated content complies with Web Content Accessibility Guidelines (WCAG) 2.0 Level AA. We welcome comments and suggestions to improve the accessibility of our websites. If the format of any material on our website interferes with your ability to access the information, use this form to leave a comment about the accessibility of our website.