Employer News - MTRS - Page 6

1. Employees receiving a lump sum payment?

Ensure employees receiving a lump sum payment are reported with the pay duration of "LS." If needed, update the pay duration field to "LS" in your payroll software prior to exporting your deduction report to ensure that employees are set up correctly.

2. For any lump sum payment that requires …
Read more Tips for year-end deduction reporting

Thank you to those who attended our R+ special election employer training. The recording is now available if you would like to listen to it again or if you missed the seminar. Additionally, you can download the presentation slides of the training.

Read more Recording of the May 23 RetirementPlus (R+) employer seminar now available

MyTRS has been updated to allow employers and the Employer Services Unit (ESU) team to cancel EFT payments that have not yet been processed. You can now cancel payments that you have submitted until 6:45pm on the day the EFT was added to MyTRS. Payments cannot be canceled in MyTRS once they have been transmitted to …

Read more Changes to the EFT payments functionality in MyTRS

R+ special election employer training seminar

The MTRS will conduct a final R+ special election employer training seminar for school district HR and Payroll staff on Tuesday, May 23, at 9:00 am. Registration is now open via the RetirementPlus employer training registration form. This seminar will review topics from previous seminars held in …

Read more Final RetirementPlus (R+) special election seminar for employers and other important updates