TX TRS how is Elig Comp From Federal Grants calculated
Description of Issue
- How does the TX TRS program know which funds to pull in as Eligible Compensation Paid from Federal Funds/Private Grants?
- How does the TRS Report Generate calculate federal compensation?
Context
- Payroll
- Texas
- TX TRS Report
- TX Federal Funds Maintenance
Cause
Resolution
- If it's a Position 07 employee, reference TX TRS Eligible Comp from Federal Funds amount is including non federal earnings on Position 07 employees
- Otherwise, federal compensation is a sum of earnings in the period that were paid from a Fund defined in the TX Federal Funds Maintenance program.Â
NOTE: The Federal Fund/Private Grant contribution is not collected for new employees in their first 90 days and the Generate will calculate a $0 contribution amount for these employees. The Federal TRS-Care Contribution is collected for new employees and will calculate the amount based on the federal compensation amount and the value in the Federal TRS-Care field on the Contribution Rates tab of the TRS Generate screen.Â
Additional Information