| (2) For employers with at least 100 employees eligible
for membership in TRS but fewer than 500 eligible employees, the late
fee for the first business day after the due date that the report
fails to attain a completed status is $250. For each subsequent business
day that the report fails to attain a completed status, the employer
shall pay an additional $25.
(3) For employers with at least 500 employees eligible
for membership in TRS but no more than 1,000 eligible employees, the
late fee for the first business day after the due date that the report
fails to attain a completed status is $500. For each subsequent business
day that the report fails to attain a completed status, the employer
shall pay an additional $50.
(4) For employers with more than 1,000 employees eligible
for membership in TRS, the late fee for the first business day after
the due date that the report fails to attain a completed status is
$1,000. For each subsequent business day that the report fails to
attain a completed status, the employer shall pay an additional $100.
(k) In determining the number of employees eligible
for membership in TRS for purposes of assessing the late fees in subsection
(j) of this section, TRS shall base the amount of the late fee on
the number of eligible employees reflected on the employer’s
report for May of the preceding school year. New employers will pay
late fees for the first school year as provided in subsection (j)(1)
of this section.
|
| Source Note: The provisions of this §25.28 amended to be effective September 26, 1979, 4 TexReg 3303; amended to be effective January 8, 1980, 4 TexReg 4717; amended to be effective September 4, 1981, 6 TexReg 3098; amended to be effective January 7, 1986, 10 TexReg 4950; amended to be effective September 17, 1997, 22 TexReg 9255; amended to be effective March 12, 2003, 28 TexReg 2094; amended to be effective April 1, 2011, 36 TexReg 1830; amended to be effective December 15, 2014, 39 TexReg 9705; amended to be effective November 14, 2017, 42 TexReg 6371 |
