Setting Up Superannuation Fund Groups

Access the Group Fund Revisions form.

Fund Type

Specify whether the fund group is associated with the employer benefit, or the employe deduction. Values are stored in UDC (07/FA) and include:

• 1: Employer Benefit

• 2: Employee Deduction

Fund ID

Enter the address book number of an existing fund.

Fund Allocation Percentage

Review the default allocation percentage that the system assigns to enrollment records. If the fund group is set up for a type 1 fund, the system enters 100 in this field. If the fund type is 2, the system enters 0.

Fund Participation Start Date

Enter the date on which the fund group become effective.

Fund Participation End Date

Enter the date on or after which the fund group is no longer valid.

Fund For All Employees

Select this option if you allow all employees to enroll in this fund.

Required Fund

Select this option if the fund is required for the specified group of employees.

Home Business Unit

Complete this field if you want the system to display this fund when you enroll employees from this home business unit in superannuation funds.

Union Code

Complete this field if you want the system to display this fund when you enroll employees from this union code in superannuation funds.

Job Type

Complete this field if you want the system to display this fund when you enroll employees with this job type in superannuation funds.

Job Step

Complete this field if you want the system to display this fund when you enroll employees with this job step in superannuation funds.