Business

User Tools

Site Tools

Trace: • assetmanagement_search_for_items • Mass Delete Zero Balance Accounts - BUD7400 • pmis_clear_copy_tables • Depreciation Distribution Fund Rollover - BAM6000 • Update Budget Data - BUD6000
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 20:44] – emorenogeneral:balancing_on-behalf_amounts [2025/09/08 15:58] (current) – emoreno
Line 10: Line 10:
 **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 Contribution 7.5% + Federal TRS-Care 1.25% = .0875) = **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**: **Example**:
 |Total TRS Gross from the Payroll Earnings Register (Pay Frequency 6 and 5)|multiplied by TRS Rates|Expected On-Behalf| |Total TRS Gross from the Payroll Earnings Register (Pay Frequency 6 and 5)|multiplied by TRS Rates|Expected On-Behalf|
-|$5,013,152.85|x .0875|= **$438,650.87**|+|$|x .0950|= $|
  
    
Line 23: Line 23:
  
  
- +**Example**: 
 |Expected On-Behalf Amount|minus Statutory Minimum (TRS 373/HRS4000)|Difference| |Expected On-Behalf Amount|minus Statutory Minimum (TRS 373/HRS4000)|Difference|
-|$438,650.87|- $130,823.27*| | +|$|- $*| | 
-| |minus Federal TRS (TRS 3)*\\  \\  - $51,599.27| | +| |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)\\  \\  - $250,037.62| | +| |minus Actual TRS On-Behalf Report (HRS4150)\\  \\  - $| | 
-| | |= ($0.45)|+| | |= ($)|
    
  
general/balancing_on-behalf_amounts.1579553064.txt.gz · Last modified: 2020/01/20 15:44 (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.