William Culbert - MTRS

Step 1: Ensure that your employees are eligible for MTRS membership

BEFORE you register your new hires in MyTRS, make sure that they are eligible for MTRS membership by reviewing our eligibility criteria. Key reminders

Employees must meet all four regulatory eligibility requirements with the exception of the following:
- Positions that …
  Read more Active employee registration: Three steps to setting up your new hires in MyTRS

Will mail in September

Dear Members, The MTRS is required to provide an annual statement to all of our active and inactive members by June 30th each year. Due to data collection and processing delays caused by the Coronavirus pandemic and subsequent closures of school districts and the MTRS, delivery of the 2019 annual statement will be …

1. Employee receiving a lump sum payment? Set the pay duration to "LS" in your payroll software.

Change the pay duration field to "LS" in your payroll software prior to exporting your May deduction report to ensure that employees are setup correctly for the June report.

2. For any lump sum payment that requires a service correction …
Read more Five tips for efficient year-end deduction reporting

The MTRS is hearing that due to the anticipated economic impact of the COVID-19 pandemic, school district employers may be considering local cost saving measures and wondering how they would impact their employees' retirement benefits. If your district is considering such measures, we encourage you to review the following information before finalizing contractual agreements affecting …

Author: William Culbert

Active employee registration: Three steps to setting up your new hires in MyTRS

Step 1: Ensure that your employees are eligible for MTRS membership

2019 Annual account statement delayed

Will mail in September

Five tips for efficient year-end deduction reporting

1. Employee receiving a lump sum payment? Set the pay duration to "LS" in your payroll software.

2. For any lump sum payment that requires a service correction …
Read more Five tips for efficient year-end deduction reporting

MTRS Guidance on potential furloughs and other fiscal emergency measures

Step 1: Ensure that your employees are eligible for MTRS membership

Will mail in September

1. Employee receiving a lump sum payment? Set the pay duration to "LS" in your payroll software.

2. For any lump sum payment that requires a service correction …Read more Five tips for efficient year-end deduction reporting

2. For any lump sum payment that requires a service correction …
Read more Five tips for efficient year-end deduction reporting