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April 2019Tier 2
Member GuideTEACHERS RETIREMENT SYSTEM
OF THE STATE OF Illimitable of Contents
Foreword2Chapter 1:
Introduction
Administration
Funding
Qualified pension plan statusConfidentiality
Social
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Creditable earnings refer to income or wages that can be used to calculate contributions to a retirement or pension plan.
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Employees who earn income that is eligible for contribution to a retirement or pension plan are required to report creditable earnings.
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Creditable earnings can be filled out through the submission of the necessary forms provided by the employer or retirement/pension plan administrator.
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The purpose of creditable earnings is to ensure that employees are contributing the appropriate amount to their retirement or pension plans based on their income.
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Information such as the employee's name, social security number, income earned, and contribution rate must be reported on creditable earnings.
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