Earning Elements

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

Earning Element	Description
DEV PP INDIV	Used for individual pension plan types. It is an earning element for the amount that a company gives to an employee to contribute to his or her personal pension plan. You specify the amount of the earning through the Payee Pension Plan ESP page when the contributor is company and the retribution type is earning. The payroll process treats the amount as taxable and contributive. The payroll process also adds the amount to the accumulators for the 111, and 190 reports.
SPC PP INDIV	Used for individual pension plan types. It is an in kind element for the amount that a company contributes to a pension plan that is defined as contributive. You specify the amount of the contribution through the Payee Pension Plan ESP page when the contributor is company and the retribution type is earning in kind. The payroll process adds the earning amount to the accumulators for the 111, and 190 reports.
SPC2 PP INDI	Used for individual pension plan types. It is an earning in kind element for the amount that a company contributes to a pension plan when the retribution type is earning in kind. You specify the amount of the contribution through the Payee Pension Plan ESP page when the contributor is company. The payroll process treats the amount as taxable.
SPC PP COL	Used for collective pension plan types. It is an earning in kind element for the amount that a company contributes to a pension plan when the retribution type is earning in kind. You specify the amount of the contribution through the Payee Pension Plan ESP page when the contributor is company. This contribution is an earning in kind. The payroll process treats the amount as taxable. The payroll process also adds the amount to the accumulator for the Model 345 report.
SPC2 PP COL	Used for collective pension plan types. It is an earning in kind element for the amount that a company contributes to a pension plan when the retribution type is earning in kind and pension plan is defined as collective but non-contributive. You specify the amount of the contribution through the Payee Pension Plan ESP page when the contributor is company. The payroll process treats the amount as taxable. The payroll process also adds the amount to the accumulator for the Model 345 report. This element affects the payslip, Tax Deduction, and Model 345 reports.

Note:

From December 2013 (RDL 16/2013), the Earnings Elements SPC PP INDIV, SPC2 PP INDI, SPC PP COL and SPC2 PP COL contributes to Social Security, irrespective of whether the elements are related to pension plans or not.

Note:

The payroll process distributes earnings and earnings in kind according to frequency or period. If an assignment starts in the middle of a month, the system does not prorate it but instead assigns the whole amount.