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New File Layout for Monthly Payroll Reporting

Recorded May 2, 2019. Discusses the new file layout that will be required when monthly pay-period reporting is implemented. Public Act 100-0769 was passed last year to implement a voluntary defined contribution (DC) plan for TRS members. To accommodate this change, TRS is migrating from its current annual reporting process to pay-period based reporting. The anticipated reporting process change is scheduled to take effect on July 1, 2020.