Establishing Multiple Payee Records for One Person

In Human Resources, companies are entities with their own employer identification numbers (EINs) and thus their own tax reporting identities. Under this paradigm, each pension plan is its own company and requires its own entry in the company table.

When you create a retiree job record, you specify a single company that pays the pension benefits. You can see, then, that if you use one company per plan and one company per job, you need multiple jobs for individuals who retire with pension benefits from multiple pension plans. The same principle applies to beneficiaries and QDRO alternate payees.

Setting up retirees with multiple jobs, and thus multiple companies, also enables you to set up separate tax withholding and direct deposit elections for the same payee under different plans.