1 / 6

TRS Retiree Surcharge Rates Update 9/1/2013

TRS Retiree Surcharge Rates Update 9/1/2013. TRS Rule 31.41 & Rule 41.4 David r. Lerma Payroll Services. Agenda. TRS Return to Work Employer Pension Surcharge Employer Health Benefits Surcharge (TRS-Care). TRS Return to Work Employer Pension Surcharge.

chancellor-swanson
Download Presentation

TRS Retiree Surcharge Rates Update 9/1/2013

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. TRS Retiree Surcharge Rates Update 9/1/2013 TRS Rule 31.41 & Rule 41.4 David r. Lerma Payroll Services

  2. Agenda TRS Return to Work Employer Pension Surcharge Employer Health Benefits Surcharge (TRS-Care)

  3. TRS Return to Work Employer Pension Surcharge • Prior to 9/1/2013 (Rule 31.41): • TRS Pension Surcharges applied to retirees who retired after 9/1/2005 & worked 4 hours (50%) or more and for 4 ½ months. • Surcharge amount was 12.8% on the compensation paid to the retiree. • Departments incurred the pension surcharge due to TRS. • In August 2013, UTSA had 18 employees with an incurred expense of $5,191.60

  4. TRS Return to Work Employer Pension Surcharge • Post 9/1/2013 (Rule 31.41): • TRS Pension Surcharges will apply to retirees who retired after 9/1/2005 & working greater than 4 hours per each work day in that calendar month. (>50% on a monthly basis) • Surcharge amount is 13.2% on the compensation paid to the retiree. (Employer portion increased by .4%) • Departments will continue to incur the pension surcharge due to TRS. • As of September, UTSA had 13 employees with an incurred expense of $6,045.00

  5. Employer Health Benefits Surcharge (TRS-Care) • Post 9/1/2013 Update(Rule 41.4): • TRS Care is a Self-funded retiree health benefits program administered by TRS. • TRS Care monthly premiums are a flat fee based on the level of coverage. (Determined by TRS) • Department will owe TRS Care Surcharge if the retiree is: • Retired AFTER 9/1/2005 • Working greater than 4 hours per each work day in any calendar month. (>50% on a monthly basis) • Covered under TRS Care

  6. Employer Health Benefits Surcharge (TRS-Care) • As of September, UTSA had 3 retirees participating in TRS Care with an incurred expense of $1,374. • Departments will incur the TRS-Care Surcharge expense. • Examples of TRS-Care Participants • Charter School Retiree • ISD Retiree Questions: david.lerma@utsa.edu

More Related