Calculating Voluntary CPF Deductions

Voluntary CPF deductions are set up without pre processing formula. They use an amount element for EE and ER deductions using formulas for each calculation. CPF FM VOL PAYEE and CPF FM VOL ER formula, there is a post processing formula for each calculation CPF FM VOL EMPY and EE CPF FM VOL EMPYER. However, as eligibility will be by individual assignments, they have no generation control.

There are two voluntary CPF deductions:

• CPF VOL ER — Employer Voluntary CPF.

• CPF VOL EE — Employee Voluntary CPF.