Completing the “CURRENT YEAR INFORMATION” section:
How do I determine the DATE OF TERMINATION?- DATE OF TERMINATION is the last day a member works or the last day of leave. Be sure to certify this date on the Agency Certification (Form 11B).
- TRSL relies on the termination date entered on Form 11B to determine the actual retirement date, not the date on the member’s retirement application.
EXAMPLE: A member entered July 1 as their date of retirement when they completed their retirement application. The member worked until the last day of the school year on May 23. On the Form 11B, the DATE OF TERMINATION should be entered as May 23 because this was the member’s last day of work (even if the employee is paid over 12 months through June 30). In this example, the member’s DATE OF RETIREMENT is adjusted to May 24.
How do I compute the FULL-TIME EARNINGS?- FULL-TIME EARNINGS should include earnings that would have been earned if the member worked the full year at 100% effort plus any additional pay.
- FULL-TIME EARNINGS do not include rollover earnings earned in June (prior fiscal year) paid in July.
Completing the “RETIRING AFTER DROP” section:
EXAMPLE: A member completes DROP participation in January 2014 (Fiscal Year 2014).
Which FISCAL YEAR do I put? - Using the example above, you should enter the last full fiscal year (FY) a member participated in DROP without contributing to TRSL. If a member completes DROP participation in January of FY 2014 and began contributing again, this is not a full year in DROP and you would not enter FY 2014 in this area. TRSL needs the previous fiscal year’s information (FY 2013), because it was the last full fiscal year in DROP.
What are ACTUAL EARNINGS?- Using the example above, you should enter the earnings (including PIP earnings) for FY 2013 that the DROP participant actually earned.
What are FULL-TIME EARNINGS?- Using the example above, you should enter the earnings for FY 2013 that the DROP participant earned working the full year at 100% effort.
