Fall monthly deduction report reminders
With the 2020-2021 school year starting shortly, we would like to offer some reminders to help you have a successful reporting year.
Author: Leslie Lovett
New video: COVID-19 Update for active members
Dear Members,
The MTRS wishes to express our sincere gratitude for all you are doing during this unprecedented time. Thank You!
We are pleased to offer a new video detailing the impact of market volatility on the pension fund; essential services, including retirement processing, that we continue to provide; tips to avoid fraudulent activity; and additional trusted …
Active MTRS member reporting
Deadline for finalizing 2019 reports is March 27, 2020
The deadline for finalizing the 2019 calendar year deduction reports is Friday, March 27, 2020. We will notify Superintendents of "severely delinquent" employers with 4 or more months of deduction reports that have not reached "Pending" status.
We will continue to communicate with all employers on a regular …
Note the 2020 pensionable earnings limits for employees with membership dates after 12/31/1995
As you know, there are federal and state limits on the amount of pensionable earnings ("regular compensation") that can be used in computing benefits for active members of public retirement systems with effective membership dates after 12/31/1995.
What this means for employers
For any members with effective membership dates after 12/31/1995 or 1/1/2011, do not take MTRS …