Category: Employer News
MTRS employer news: 2018 Deduction reporting deadline and reminders
Payroll deduction reporting updates
Deadline for 2018 reports: March 8, 2019
We have recently begun notifying the superintendents of districts that are severely delinquent in deduction reporting of their district's status, and we will send additional notices to delinquent districts in the coming weeks. (A district is considered severely delinquent if its reports are backlogged for four …
Read more MTRS employer news: 2018 Deduction reporting deadline and reminders
Employer news, October 5, 2018
For employers and members: Beware of sales solicitations that say "MTRS"
We are not affiliated with, nor do we endorse, any commercial companies
Occasionally, financial planning companies will use "MTRS" in their advertising or presentation materials, or otherwise imply that they can provide members with their personal MTRS retirement information.
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Prepare for retirement season
Watch our …
MTRS update: Note the 2018 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 after 12/31/1995 or 1/1/2011, do not …