Employer News - MTRS - Page 27

Deadline for finalizing 2019 reports is March 27, 2020

The deadline for finalizing the 2019 calendar year deduction reports is Friday, March 27, 2020. We will notify Superintendents of "severely delinquent" employers with 4 or more months of deduction reports that have not reached "Pending" status. We will continue to communicate with all employers on a regular …

Read more Active MTRS member reporting

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 after 12/31/1995 or 1/1/2011, do not take MTRS …

Read more Note the 2020 pensionable earnings limits for employees with membership dates after 12/31/1995

As the busy holiday and W-2 seasons approach, now is an ideal time to add your 2020 payroll calendar(s) in MyTRS.

Two critical reminders when adding your 2020 calendar(s):

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 …
Read more Active member deduction reporting: Add your 2020 payroll calendar(s) in MyTRS

As we mentioned in our e-mail of July 31, 2019, we are now conducting an election for the two members of the Board who are elected by the active and retired members of our system. This election is held once every four years.

If any of your employees who are MTRS members believe …

Read more MTRS Board election now underway