TRS Deductions
Set Up TRS Deductions
Before generating reports, ensure that you set up valid TRS deductions on the Deduction Table page.
On the start page, choose Menu, then choose Human Resources.
Click Reference Tables, then choose Deductions.
Specify the search criteria to find the required codes.
Click Find.
To add a record, click Add New. Specify valid information in the required fields and click OK.
You can edit or delete records:
To edit a record, double-click the relevant record.
To delete a record, click Delete. Click Yes.
Deductions that represent employer contributions, such as the .0052 MBI or the .0092 THIS employer contribution should not be added on the Deduction Table page.
You must now set up TRS deduction codes. Refer to IL TRS Payroll report for more information.
Set Up The Benefit (Federal) Deduction
The Benefit (Federal) deduction represents the benefit paid on wages paid from federal funds.
On the start page, choose Menu, then choose Human Resources.
Click Reference Tables, then choose Deductions.
Click Add new.
Enter a unique Deduction Code.
Enter a Frequency.
You must set up the deduction code with a unique pay frequency not included in any pay run calculation. This code must also be identified on the Deduction Codes page as Type of Benefit (Federal). There may be only one of these deduction codes identified in TRS. The system automatically calculates the Federal TRS benefit for employees who have the deduction code and are being paid with Federal Funds, as identified in the Illinois Federally Funded Grant List.
Select Maintain Arrears if required.
Choose P - Table % from the Method options.
Click the Employee tab and choose a Withholding Account and Maximum Method.
Click the Employer tab.
Choose P - Table % from the Benefit Method options.
Choose A - All Pay Rates from the Benefit Charging options.
Select a Benefit Account.
Click the Taxation tab and select all the options under Deduction Tax Exemptions.
Click OK.
You must now set up the Federal Funds Paid deduction code. Refer to IL TRS Payroll report for more information.
Set Up Deduction For Retired Employees
Retired employees do not contribute to TRS. For such employees, you must set up a deduction named "None."
On the start page, choose Menu, then choose Human Resources.
Click Reference Tables, then choose Deductions.
Click Add new.
Enter NONE in the Deduction Code field.
Enter N in the Frequency field.
Do not select Maintain Arrears.
Choose N - None from the Method options.
Click the Employee tab and ensure that the Withholding Account and Maximum Method fields are blank.
Click the Employer tab.
Choose N - None from the Benefit Method options.
Choose A - All Pay Rates from the Benefit Charging options.
Click the Taxation tab and ensure that none of the options are selected.
Click OK.
You must now set up the deduction code for retired employees. Refer to IL TRS Payroll report for more information.