William Culbert, Author at MTRS - Page 23 of 43

Author: William Culbert

Five tips for efficient year-end deduction reporting

Posted on May 12, 2020 by In Employer News

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 …

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MTRS Guidance on potential furloughs and other fiscal emergency measures

Posted on May 07, 2020 by In Employer News
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 …

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Current GASB Report for MTRS employers now available

Posted on April 30, 2020 by In Employer News
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 …

Read more Current GASB Report for MTRS employers now available

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