Employer News - MTRS

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 …

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 …

Step 1: Review new hires and any staff changing jobs to determine if they may be eligible for MTRS membership

BEFORE you register your new hires in MyTRS, determine if they are eligible for MTRS membership by reviewing our eligibility criteria online. Employers should review the eligibility criteria in order to …

The MTRS has been working with representatives from the State Comptroller's Office, the Public Employee Retirement Administration Commission (PERAC), and CliftonLarsonAllen LLP (CLA) to issue the GASB Statement No. 68 schedules for the fiscal year ended June 30, 2022 to be used by our employer units in their FY2023 financial statements. GASB Statement No. 68 requires …

Emp news archive

1) Important: Send all group insurance rate changes for January 2024 premiums by 12/01/2023 for processing

What this means for employers

Step 1: Review new hires and any staff changing jobs to determine if they may be eligible for MTRS membership