For ISDs
Let's look at the statutory minimum calculation (for ISDs only) on a scale.
Eligible TRS Gross: $3,000
State Minimum: $2,500
0 salary paid from Federal Funds/Private Grants
Eligible TRS Gross over the State Minimum and subject to 8.25% Statutory Minimum: $500
| Eligible TRS Gross: $3000 | |
|---|---|
| $2500 * 1.9% paid to Public Education Employer Contribution = $47.50 | $500 * 8.25% = $41.25 |
Eligible TRS Gross: $3,000
State Minimum: $2,500
$2,000 salary paid from Federal Funds/Private Grants
Eligible TRS Gross over the State Minimum and subject to 8.25% Statutory Minimum: $500
| Eligible TRS Gross: $3000 | |
|---|---|
$2,000 * 8.25% = $165 paid to Federal Fund/Private Grant $2,000 * 1.25% = $25 paid to Federal TRS Care | $500 * 8.25% = $41.25 |
| $2500 * 1.9% paid to Public Education Employer Contribution = $47.50 | |
Eligible TRS Gross: $3,000
State Minimum: $2,500
$2,800 salary paid from Federal Funds/Private Grants
Eligible TRS Gross over the State Minimum ($500) - salary from Federal Fund/Private
Grant state contribution was already paid on ($300) = salary subject to 7.5% Statutory Minimum: $200
| Eligible TRS Gross: $3000 | |
|---|---|
$2,800 * 8.25% = $231 paid to Federal Fund/Private Grant $2,800 * 1.25% = $35 paid to Federal TRS Care | $200 * 8.25% = $16.50 |
| $2500 * 1.9% paid to Public Education Employer Contribution = $47.50 | |
Eligible TRS Gross: $3,000
State Minimum: $2,500
$3,000 salary paid from Federal Funds/Private Grants (100% federally funded)
No Statutory Minimum Contribution owed: $0
| Eligible TRS Gross: $3000 |
|---|
$3,000 * 8.25% = $247.50 paid to Federal Fund/Private Grant $3,000 * 1.25% = $37.50 paid to Federal TRS Care |
| $2500 * 1.9% paid to Public Education Employer Contribution = $47.50 |
For Charters
Let's look at the statutory minimum calculation (for Charter Schools only) on a scale.
Eligible TRS Gross: $3,000
State Minimum: $2,500
0 salary paid from Federal Funds/Private Grants
Eligible TRS Gross over the State Minimum and subject to 8.25% Statutory Minimum: $500
| Eligible TRS Gross: $3000 | |
|---|---|
| $3000 * 1.9% paid to Public Education Employer Contribution = $57.00 | $500 * 8.25% = $41.25 |
Eligible TRS Gross: $3,000
State Minimum: $2,500
$2,000 salary paid from Federal Funds/Private Grants
Eligible TRS Gross over the State Minimum and subject to 8.25% Statutory Minimum: $500
| Eligible TRS Gross: $3000 | |
|---|---|
$2,000 * 8.25% = $165 paid to Federal Fund/Private Grant $2,000 * 1.25% = $25 paid to Federal TRS Care | $500 * 8.25% = $41.25 |
| $3000 * 1.9% paid to Public Education Employer Contribution = $57.00 | |
Eligible TRS Gross: $3,000
State Minimum: $2,500
$2,800 salary paid from Federal Funds/Private Grants
Eligible TRS Gross over the State Minimum ($500) - salary from Federal Fund/Private
Grant state contribution was already paid on ($300) = salary subject to 8.25% Statutory Minimum: $200
| Eligible TRS Gross: $3000 | |
|---|---|
$2,800 * 8.25% = $231 paid to Federal Fund/Private Grant $2,800 * 1.25% = $35 paid to Federal TRS Care | $200 * 8.25% = $16.50 |
| $3,000 * 1.9% paid to Public Education Employer Contribution = $57.00 | |
Eligible TRS Gross: $3,000
State Minimum: $2,500
$3,000 salary paid from Federal Funds/Private Grants (100% federally funded)
No Statutory Minimum Contribution owed: $0
| Eligible TRS Gross: $3000 |
|---|
$3,000 * 8.25% = $247.50 paid to Federal Fund/Private Grant $3,000 * 1.25% = $37.50 paid to Federal TRS Care |
| $3,000 * 1.9% paid to Public Education Employer Contribution = $57.00 |