ProcessPay Pension

Details of how the pension is calculated.

A.E Status
What the A.E Status is.

Pension & Refn
Pension scheme and its internal number.

EmployeE
Amount deducted/refunded per scheme

AVC
Amount deducted/refunded per scheme

EmployeR
Amount deducted/refunded per scheme

Override EmployeE
A figure entered here will recalculate the employees pension amount with the new figures.
If it is a % scheme then enter the revised %.
If it is a NET scheme enter the revised amount to be taken off.
If you enter a minus amount ie -135.50 then that AMOUNT will be refunded in the pension scheme.
Any minus amount will be cleared for the next pay period.

Override EmployeR
A figure entered here will recalculate the employers pension amount with the new figures.
If it is a % scheme then enter the revised %.
If it is a NET scheme enter the revised amount to be taken off.
If you enter a minus amount ie -135.50 then that AMOUNT will be refunded in the pension scheme.
If there is also a minus amount in the EmployeE then any minus amount will be cleared for the next pay period.
If you enter -1.00 then this will prevent any employers contribution from being calculated.

Opted out of A.E.
Any payrun on or 3 years after this date will not have any pension calculated, except if there is minus figures as above which will be still refunded.

19/05/15

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