William Culbert - MTRS

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 …

The MTRS has been working with representatives from the State Comptroller’s office, the Public Employees’ Retirement Administration Commission (PERAC), and KPMG to issue the GASB Statement No. 68 schedules for the fiscal year ended June 30, 2019 to be used by our employer units in their FY2020 financial statements. GASB Statement No. 68 requires the Commonwealth …

During the coronavirus pandemic, as trillions of dollars in stimulus funds flow to individuals and businesses, be aware that scammers are increasing the frequency and aggressiveness of their activity, targeting everyone, including retirees. Here are some tips to assist you in identifying and avoiding fraudulent activity.

Author: William Culbert

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

Current GASB Report for MTRS employers now available

Retirees: Avoid coronavirus scams

Be suspicious of all unsolicited phone calls or emails.

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

Be suspicious of all unsolicited phone calls or emails.

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