Fall monthly deduction report reminders
With the 2021-2022 school year underway, we would like to offer you some reminders and a notice about a change in procedure to help you have a successful reporting year.
Category: Employer News
MTRS members’ 2020 account statements have mailed
All 2020 annual statements have mailed as of August 26 to the home addresses of our more than 111,000 active and inactive members.
For your reference, and in support of your continuing and valued efforts to have unenrolled members complete the MTRS online enrollment process, we are also taking this opportunity to reach out to this …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:
- Positions that are eligible by title …
Read more Active employee registration: Three steps to setting up your new hires in MyTRS
- Positions that are eligible by title …
Annual 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 Annual tips for efficient year-end deduction reporting