This will correspond to line 2 of Form 32. These are non-taxed contributions which may be true fringes or salary reduction. This information is no longer applicable since retirement contributions now must be calculated and remitted to TRS on or before-tax basis. Do not use local service count if different from State service count. Do not use TRS service.
Regular compensation is defined as wages plus fringe benefits.
Fringe benefits are any additional financial payment including but not limited to annuities, pension plans, insurance policies or any other financial compensation. Generally, fringe benefits for retirement purposes are limited to employer-paid insurance premiums, retirement contributions and IRS Code Section 125 cafeteria benefits. Reimbursements for travel, housing or other expenses are not fringe benefits. Reimbursements for unused sick leave are not included as regular annual compensation. Under no circumstances may anyone pay retirement contributions on more monies than they actually earn.