TRS Contribution Deadline 7/10
06/16/2023
The TRS deadline for FY23 contract contributions is approaching soon, on 7/10/2023! In order to meet the deadline, you will need to create July and August payroll runs in advance.
For help with this process, you can read our TRS Summer Payments KB article and view the accompanying YouTube video.
We will update the changing TRS rates for FY24 on the evening of June 30th, 2023. If any employees receive Federal Funds contributions for their FY23 contracts, it will be easiest to finish their payrolls by June 30th. Any runs created after that point will use the new rate of 10.60%, so you will need to manually adjust the item back to the FY23 rate of 10.49%.
The Common Goal Team