| (a) Each participating entity shall remit to TRS the
amount on each bill directed to the participating entity by TRS or
the administering firm. The participating entity shall remit payment
on or before the fifteenth day of each month in which TRS or the administering
firm issued a bill. Payment shall be delivered in the same manner
(e.g., currently, TEXNET) in which the participating entity delivers
retirement contributions. Any waiver granted to a participating entity
under §825.408(a), Government Code, does not apply to amounts
billed under this section or to amounts otherwise owed to TRS for
TRS-ActiveCare.
(b) A participating entity will be billed for all full-time
and part-time employees enrolled in TRS-ActiveCare who were employed
by the participating entity on the date that TRS or its designee generates
the bill for that billing month as reported by the participating entity.
In addition, a participating entity will be billed retroactively for
all full-time and part-time employees who enroll after the date on
which the bill is generated for that month and choose coverage for
that month. A participating entity will also be billed for any individual
covered in accordance with §41.40 of this title (relating to
Coverage Continuation While on Leave Without Pay). Participating entities
are responsible for collecting all applicable premiums and other costs
that are required to be paid by its full-time employees, part-time
employees, and any individuals covered in accordance with §41.40
of this title. A participating entity shall remit the full amount
billed each month.
(c) Participating entities shall not modify the amount
of any bill or remit any amount different from the amount billed.
A participating entity shall report adopted adjustments, including
those seeking credit for terminated employees, to the administering
firm no later than the 45th day after the billing date. TRS may reject
any adopted adjustments that are inappropriate or untimely, including
those adjustments seeking credit for terminated employees reported
later than 45 days after the billing date on which the employee was
first incorrectly reported as eligible for coverage. Approved adjustments
will be reflected on a subsequent bill.
(d) TRS may take corrective action against a participating
entity that fails to remit payment in accordance with the timelines
and other requirements of this section, including but not limited
to placement of a warrant hold with the Comptroller of Public Accounts.
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| Source Note: The provisions of this §41.41 adopted to be effective August 26, 2002, 27 TexReg 7970; amended to be effective October 27, 2003, 28 TexReg 9289; amended to be effective March 8, 2007, 32 TexReg 1092; amended to be effective October 10, 2013, 38 TexReg 6921; amended to be effective August 15, 2019, 44 TexReg 4189 |
