Deduction Elements

This table describes the delivered deduction elements associated with pension plan functionality:

Deduction Element Description

DD PP COLECT

Deduction element for the amount that an employee contributes to a pension plan when the pension plan type is collective and the company manages the contributions. You specify the amount of the contribution through the Payee Pension Plan ESP page when the contributor is employee.

DD PP INDIV

Deduction element for the amount that an employee contributes to a pension plan when the pension plan type is individual. The company manages the contributions but it is not contributing any amount. You specify the amount of the contribution through the Payee Pension Plan ESP page when the contributor is employee.

DD PP SPC

Deduction element for use during payslip printing. It contains the sum of in kind income related to pension plans (individual or collective). This deduction element is needed in case you are printing SPC PP INDIV, SPC PP COL, PC2 PP COL, or SPC2 PP IND earnings. Those earnings are summarized as part of total earnings, so to get the correct net amount to pay you need a deduction to compensate that value.