Employer News - MTRS - Page 22

Category: Employer News

Active member deduction reporting: Add your 2021 payroll calendar(s) in MyTRS

Posted on January 25, 2021 by In Employer News

Two critical reminders when adding your 2021 calendar(s) in MyTRS:

  1. Do not delete or overwrite any of your previous years' calendars. Please follow the exact steps in the Guided Practice to preserve previous payroll calendars, which our staff use to generate service credit reports for members.
  2. Add your 2021 payroll calendar(s) BEFORE you import your …

    Read more Active member deduction reporting: Add your 2021 payroll calendar(s) in MyTRS

Note the 2021 pensionable earnings limits for employees with membership dates after 12/31/1995

Posted on January 12, 2021 by In Employer News
As you know, there are federal and state limits on the amount of pensionable earnings ("regular compensation") that can be used in computing benefits for active members of public retirement systems with effective membership dates after 12/31/1995.

What this means for employers

For any members with effective membership dates listed below, DO NOT take MTRS deductions on any …

Read more Note the 2021 pensionable earnings limits for employees with membership dates after 12/31/1995

Waiver of post-retirement employment restrictions extended

Posted on December 21, 2020 by In Employer News

Legislation extends waiver of earnings and hours restrictions for most retired public employees through 2021.

In April, Chapter 53 of the Acts of 2020 waived earnings and hours restrictions for many retired public employees working in the public sector for calendar year 2020, during the Governor’s State of Emergency, which …

Read more Waiver of post-retirement employment restrictions extended

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