STRS Retirement Deduction Codes Examples
The following examples show how to set up STRS Retirement Deduction Codes for various requirements.
Example 1: STRS Employee Contribution (Standard)
The following table lists the tabs, fields, and values required to set up the STRS Employee Contribution (Standard) deduction code on the Deduction Table page.
Tab | Field | Value |
|---|---|---|
General | Deduction Code | STRS |
General | Title | STRS EMPLOYEE |
General | Check Title | STRS EE |
General | Frequency | A (All Pays) |
General | Maintain Arrears | Select this option. |
General | Method | P - Table % |
General | Subjective Gross | TT - Total Gross |
Employee | Withholding Account | 01-0000-2150 |
Employee | Deduction Amount/Rate | 14 |
Employee | Maximum Method | Y - Year to Date |
Employee | Cafeteria Plan | N |
Employer | Benefit Method | N - None |
Taxation | Federal Tax (Deduction) | Select this option. |
Taxation | State Tax (Deduction) | Select this option. |
Taxation | FICA Tax (Deduction) | Select this option. |
Taxation | Local Tax (Deduction) | Select this option. |
Vendor | Vendor | STRS |
Vendor | Payment Frequency | M (Monthly) |
Example 2: STRS Employer/Board Contribution
The following table lists the tabs, fields, and values required to set up the STRS Employer/Board Contribution deduction code on the Deduction Table page.
Tab | Field | Value |
|---|---|---|
General | Deduction Code | STRB |
General | Title | STRS BOARD |
General | Check Title | STRS BD |
General | Frequency | A (All Pays) |
General | Maintain Arrears | Leave this option unchecked. |
General | Method | N - None |
General | Subjective Gross | TT - Total Gross |
Employee | Withholding Account | Leave this field blank. |
Employee | Deduction Amount/Rate | 0 |
Employee | Maximum Method | Y - Year to Date |
Employee | Cafeteria Plan | N |
Employer | Benefit Method | P - Table % |
Employer | Benefit Amount/Rate | 14 |
Employer | Benefit Charging | A - All Pay Rates |
Employer | Benefit Account | 01-1100-2210-000 |
Employer | Benefit Liability Account | 01-0000-2150 |
Employer | Encumber Benefits | Select this option. |
Employer | Times Encumbered | 26 |
Taxation | All Tax Exemptions | Leave this option unchecked. |
Vendor | Vendor | STRS |
Vendor | Payment Frequency | M (Monthly) |
Example 3: STRS Pickup on Pickup (Pre-Tax with Gross-Up)
The following table lists the tabs, fields, and values required to set up the STRS Pickup on Pickup (Pre-Tax with Gross-Up) deduction code on the Deduction Table page.
Tab | Field | Value |
|---|---|---|
General | Deduction Code | STPP |
General | Title | STRS PICKUP ON PICKUP |
General | Check Title | STRS PP |
General | Frequency | A (All Pays) |
General | Maintain Arrears | Select this option. |
General | Method | P - Table % |
General | Subjective Gross | TT - Total Gross |
Employee | Withholding Account | 01-0000-2150 |
Employee | Deduction Amount/Rate | 14 |
Employee | Maximum Method | Y - Year to Date |
Employee | Cafeteria Plan | N |
Employer | Benefit Method | N - None |
Taxation | Federal Tax (Deduction) | Select this option. |
Taxation | State Tax (Deduction) | Select this option. |
Taxation | FICA Tax (Deduction) | Select this option. |
Taxation | Local Tax (Deduction) | Select this option. |
Vendor | Vendor | STRS |
Vendor | Payment Frequency | M (Monthly) |