Create Elements for Pension Deductions
This example shows you how to create a pension deduction element using an element template. Follow these steps:
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Create a pension deduction element
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Create an eligibility record for the deduction
Creating a Pension Element
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On the Home page, click the Elements quick action under the My Client Groups tab.
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Click Create.
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Complete the fields, as shown in this table.
Field
Value
Legislative Data Group
Your Legislative Data Group
Primary Classification
Voluntary Deductions or Pre-statutory Deduction
Secondary Classification
Appropriate classification for your country or territory, such as Pension Plan After Tax
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Click Continue.
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Complete the Basic Information page. For the latest entry date:
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Select Last Standard Earning Date if you enable proration for the element.
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Otherwise, select Last Standard Process Date.
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Click Next.
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On the Additional Details page, enter the calculation rules and limits for the deduction. This table summarizes your choices.
Rules
What You Can Enter
Calculation rule
Fixed amount or percentage
Age limits
Minimum and maximum age
Maximum contribution amount
Any numeric value
Pensionable earnings limit
Minimum and maximum amount
Additional contributions allowed
Yes, or no. If yes, select calculation rule.
Employer contributions allowed
Yes, or no. If yes, select calculation rule, age limits, and amount limits
Overrides allowed
Yes, or no
Element subject to proration
Yes, or no
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Click Next.
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Verify the information is correct.
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Click Submit.
The template creates a recurring element at the payroll relationship level. It also creates a calculation component with the same name as the element. You add this component to workers' calculation cards.
Creating an Eligibility Record for the Deduction
On the Element Summary page, you can create as many eligibility records as you require:
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In the Element Overview section, click the Element Eligibility link.
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Select Create Element Eligibility from the Actions menu.
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Enter a name for the eligibility record.
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Select any criteria if you want to restrict who can pay this deduction.
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Click Submit.
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Click Done.