State of Texas – Fiscal Management

Manual of Accounts

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Expenditure Object 7040 – Additional Payroll Retirement Contribution
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Object Type: Cash — Benefits
Reference: S.B. 1459, 83rd Leg., R.S. to amend Government Code 815.4035 and S.B. 1, 83rd Leg., R.S., Art. IX-70, Sec. 17.13;
Issue Date: 2013-09-01
Revised Date:

Description


To record payments by agencies to the Employees Retirement System, Agency 327, for the agency contribution of additional payroll retirement contribution.  It is computed as a percentage of base salaries paid as established in the General Appropriations Act.


Notes


The calculation of base salary excludes longevity pay, hazardous duty pay, benefit replacement pay, overtime pay, and other payments that are not part of the base salary of the employee.

This code does not include:

  • Employees Retirement - State Contribution (7032)
  • Employee Retirement - Other Employment Expenses (7033)


USAS Values


Appropriation Year 26
USAS Title ADDL PAYROLL RETIREMENT CONTRIBUTION
Object Group 40 – Payroll
USAS Status A
Rev/Exp Category 02 – EMPLOYEE BENEFITS



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