HB 385 and GA TRS contribution reporting

Retirees hired per HB 385 have to be reported as follows: 

• Employer paid employee contribution amount has to be reported as Pre-tax EECON

• Employer paid employer contribution amount has to be reported as ERCON

• Payment reason code should be 07

• Employer Paid EECON flag should be set to yes

• Service Credit Eligibility should be N

What do I need to do to report correctly?

• Payroll

• Georgia

• GA Employer Teacher Retirement Report

House Bill 385

• Create an HB385 deduction code for the employer paid employER contribution

• Create a separate HB385 deduction code for the employer paid employEE contribution

• In the GA Employer Teacher Retirement Report program, define the Generate screen as follows: 

  • ERCON Deduction Range: Include the HB385 deduction code created for the employer paid employER contribution amount.

  • Empr. Paid Pre-tax EECON Deduction Range: Enter the HB385 deduction code for the employer paid employEE contribution amount. 

• When contribution amounts are greater than zero for deductions defined in the Empr. Paid Pre-tax EECON range, the Generate will automatically handle all HB 385 reporting requirements.  It will:

  • Report amounts for the defined deduction as Pre-tax EECON

  • Set the Payment Reason to 07 regardless of what is defined on the Month 0 Maintenance record

  • Set the Employer Paid EECON flag to Y

  • Set the Service Credit Eligibility to N

• TRSGA Resources: 

  • GA TRS HB 385 2022 ER EVF and Reporting Instructions: https://api.trsga.com/library/files/general/HB%20385%202022%20ER%20EVF%20and%20Reporting%20Instructions.pdf

  • House Bill 385 FAQs: https://www.trsga.com/employer/HB385-faq/