Read more Members and Retirees: Read our summer 2021 Advisor newsletters!
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
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:
2019 Annual account statement delayed
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 …
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.
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