Public Sector Pensions

You can create public sector pension elements using the provided pension template.

The following pension arrangements are available for public sector pensions:

• Nonestablished Civil Servants
• Post 1995 Contributory Scheme Established Civil Servants
• Pre1995 Noncontributory Scheme Established Civil Servants
• Spouses' and Children's Pension Scheme
• Single Public Service Pension Scheme Faster Accrual
• Single Public Service Pension Scheme Judiciary
• Single Public Service Pension Scheme Standard Accrual
• Public Service Added Years or Notional Service
• Additional Voluntary Contributions

Note: All Public Sector employee contributions calculations are based on the rules relating to their respective legislations except Public Service Added Years or Notional Service, and Additional Voluntary Contributions. Although these are included in the public sector, their processing is the same as the Private Sector types, where you can define the flat rate or a percentage.

Based on the selected scheme, employee deductions are automatically calculated according to the scheme’s rules, considering earnings and percentage bandings. The system allows enhancement of the automatically calculated pension contributions by adding a flat amount for the employee, or by combining a percentage and flat amount for the employer and any additional contributions.

The element template for pensions enables you to have a combination of cash and percentage deductions for employees, employers, and additional contributions.

Steps to Enable

You need to perform these set up tasks:

• Set up pension elements
• Create the eligibility record for the deduction
• Manage the Retirement Plans calculation card
• Verify the balances