Record an Employee’s Additional Voluntary Contribution
For employees who choose to contribute additional voluntary deductions, add the corresponding card component on their Benefits and Pension Card.
If an Additional Voluntary Contribution type is EPA or EEPA, this additional information is available on the calculation card using the Effective Pension Age Reporting Details component detail.
FIELDS | DESCRIPTION |
---|---|
EPA Type | Select either EPA or EEPA. |
Suspension Code |
Select from these values: EPA suspended - assumed pay
This results in the EPA or EEPA contribution being suspended.
Note:
If the employee is on an assumed pensionable pay absence and you
do not suspend contributions, the calculation complies with
EPN697:
|
Restart Indicator | EPA/EEPA contributions are automatically restarted for an employee whose previous pensionable service ended but who has now returned to pensionable service (as a rehire) within the permitted five-year period. |
Restart Date | Date of automatic restart of EPA or EEPA contributions for an employee who has returned to pensionable service. |
Cabinet Office approval to restart EEPA | Cabinet Office approval indicator for the restart of an EEPA. |
CALCULATION VALUE | ADDITIONAL CONTRIBUTION TYPE | USAGE |
---|---|---|
Partial Deduction Allowed | All | Specify whether partial deduction is allowed or not for this employee. |
Payee | All | Not used for MyCSP reporting, but you can enter a third-party payee to make a payment using Oracle Cloud Payroll. |
Additional Pension Employee Contribution |
All | Enter a percent or flat amount as per element template setup. |
Additional Pension Employer Contribution |
All | Enter a percent or flat amount as per element template setup (if requested). |
Reference Number | All |
Allows you to record a reference number that may be provided by the third-party pension provider. Note: It is different to the Pension Payroll ID used to report the member’s assignment to MyCSP. |