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Trace: • Calculating TRS 373 and On-Behalf (Annual Amounts/General Fund)

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Calculating TRS 373 and On-Behalf (Annual Amounts/General Fund)

The following calculations are based on annual amounts and general fund distributions. 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 Interface NY Payroll to NY Budget Extract Reports.

Sample Payroll Distribution Report

Some of the images and/or examples provided in this document are for informational purposes only and may not completely represent your LEA’s process.

Adjusted State Minimum Calculation

State Minimum Salary (as recorded on the Job Info tab) x District CEI Rate = Adjusted State Minimum Salary

State Minimum Salarymultiplied by District CEIAdjusted State Minimum Salary
$29,589.00x 1.11= $32,843.79

Adjusted TRS Salary above Adjusted State Minimum Calculation

Eligible TRS Salary - Adjusted State Minimum = Adjusted TRS Salary above Adjusted State Minimum

Eligible TRS Salaryminus Adjusted State MinimumAdjusted TRS Salary above Adjusted State Minimum
$36,000.00- $32,843.79= $3,156.21

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 Minimummultiplied by TRS 373 District Contribution Percentage (6.644%)TRS 373 District Contribution
$3,156.21x .06644= $209.70

State Matching Calculation

Eligible TRS Salary x TRS Rates (District 6.644% + TRS-Care 1%) = State Matching

Eligible TRS Salarymultiplied by TRS Rates (District 6.644% + TRS-Care 1%)State Matching
$36,000.00x .07644= $2,751.84

TRS On-Behalf Calculation

State Matching - TRS 373 District Contribution = TRS On-Behalf

State Matchingminus TRS 373 District ContributionTRS On-Behalf
$2,751.84- $209.70= $2,542.14

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/traqs/payroll_reporting_manual_main.

For additional information regarding TRS On-Behalf, go to the TEA website at: http://tea.texas.gov/Finance_and_Grants/Financial_Accountability/Financial__Accountability_System_Resource_Guide/.

general/otherhelpfuldocuments/calculatingtrs373andonbehalf_annualamountsgeneralfund.txt · Last modified: 2022/05/20 16:52 by emoreno

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