Employer News - MTRS - Page 8

Please spread the word to your employees who are MTRS members

As you may know, the Massachusetts Teachers' Retirement Board is comprised of seven members, two of whom are elected by the members of the Massachusetts Teachers' Retirement System for four-year terms. Since the terms of our incumbent elected members expire on December 31, 2023, the …

Read more MTRS Board election to be held this fall

Due to a system error, files must be in Validated with Errors status in order to make corrections

We have learned that MyTRS is currently not allowing employers to fix deduction report import files with the status of Processed with Errors. If you currently have an imported file with the status of Processed with Errors that needs correction, please …

Read more Process workaround for correcting deduction reports that have the import status Processed with Errors

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