Dear Superintendents and treasurers,
The MTRS is conducting an audit of employer users and employer security administrators for our MyTRS pension management application.
On November 17, we sent a verification form via email to every treasurer for inactive employers who use MyTRS and superintendents for active employers. Today, we will resend these forms to individuals who …
Category: Employer News
MyTRS–Employee Registration “Email Enrollment Assignment Sheet” function is temporarily inoperative
A step in the new member registration process is currently not working; a workaround is provided
A recent patch to our MyTRS reporting platform has temporarily turned off the "Email Enrollment Assignment Sheet" function in our new member registration process.
Employers can still register members for membership; however, the "Email Enrollment Assignment Sheet" link is not working.
Instead, …
Retiree Insurance–MTRS will process plan rate changes
1) Important: Send all group insurance rate changes for January 2024 premiums by 12/01/2023 for processing
The MTRS has temporarily hidden the Add Rates and Edit Rates buttons on the Insurance Rates screen in MyTRS. We are still working with our vendor to develop validations to prevent plan price changes from triggering billing errors. Thus, employers cannot add plan rates or edit plan rates at …
Read more Retiree Insurance–MTRS will process plan rate changes
Note the 2023 pensionable earnings limits for employees with membership dates after 12/31/1995
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 …