Retroactive Overpayment and Recovery for Earnings Elements

You can now control how Retropay results are handled with this new Retroactive Overpayment and Recovery for Earnings Elements feature, particularly when the results reduce an employee's net pay. Rather than the overpayment automatically processing in full as a deduction to the employee's pay, it is now offset resulting in no immediate impact to the employee's net pay. You can setup and track repayments by the employee until paid back in full.

NOTE: This feature is only earnings classification elements at this time. And, this is only for new elements setup to use this functionality, not for existing elements. As a future feature, the ability to make existing elements subject to retroactive recoveries is being considered.

For details, see: How do I use the Overpayment Recovery report to manage retroactive recoveries that I have identified?

Use Retroactive Overpayment and Recovery for Earnings Elements for more control over how Retropay results are handled, particularly when the results reduce an employee's net pay. Rather than the overpayment automatically processed in full, setup repayments by the employee.

Steps to Enable

For setup details to use this feature, see: How do I set up Retroactive Overpayment and Recovery for Earnings Elements?