34 Tex. Admin. Code § 25.46 - Determination of Compensation Subject to Deposit and Credit
(a) The amount of deposits due for unreported
service rendered or compensation paid in the current school year or for
unreported service rendered or compensation paid in the immediately preceding
school year and corrected as provided in §
25.28(g) of this
title (relating to Payroll Report Dates) will be calculated at the member
contribution rate in effect for the year in which the service was rendered or
compensation was paid but for which no deposits or insufficient deposits were
made. Contributions will be based on creditable compensation as determined
under the laws and rules applicable at the time of the service.
(b) Beginning with the 2015-2016 school year,
compensation paid to a member by an employer to correct an error of
underpayment occurring in a prior school year or school years will be credited
by TRS in the school year in which the compensation is paid. The amount of
contributions owed on creditable compensation is determined under the laws and
rules applicable at the time of the corrective payment and must be paid in a
lump sum pursuant to Government Code, §
825.409 from any
compensation due to the employee.
Notes
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