Accurately Reporting Monthly Full-time Earnings
Reporting employees’ full-time earnings correctly is very important because the correct calculation of a member's service credit depends on the accuracy of the information reported by the employer.
Full-time earnings are defined as an employee’s full-time base pay plus all extra earnings paid had they worked the entire month (including city/parish-wide salary increases, legislative acts, and sales tax supplements). Keep in mind, school bus drivers cannot contribute on operating expenses. Base pay is the compensation payable if the employee worked full-time for the full, normal working period.
When reporting full-time earnings for a part-time employee or an employee on leave without pay, the full-time earnings are the amount of salary the employee would have earned had he/she worked full-time for the entire period covered.
Jane worked 4 hours per day out of a possible 8-hour workday for the entire school year. Her actual earnings were $1,000 per month. The full-time earnings were the amount of salary Jane would have earned for a full 8 hours each day. Therefore, her full-time earnings should be $2,000 per month.
For questions about monthly salaries and contributions reports, contact Chenfei Zhou at 225.925.6492 or firstname.lastname@example.org.