This is for clients that are offering the Supplemental Plan
How should the deduction be setup?
- Deduction type still contains "457 DEFERRED"
- Short description still starts with "TRS"
- Short description contains "SSP"
- Short description contains "9" for the 9% contribution
- If the short description contains "ROTH", then contributions will be categorized as "SSP Roth" (06), otherwise will be "SSP Pretax" (03).
- Any of the catch-up types (04, 05, 07 or 08) will have to be entered manually
When Setting up Gallatin, these settings were also used (may not be correct for all clients):
- W-2 type is 457B
- had to pick a 457 deferred deduction type to get the sheltered lanes.
- Compute type is Percentage of deduction gross and the amount is 3%
There will be a new record in the IL TRS GEMINI BROWSE SCREEN for the supplemental savings plan vs. their normal TRS DB contributions.