DEFINING PENSIONABLE ALLOWANCES AND APPLICABLE RATES FOR PENSION DEDUCTION ON HUMANMANAGER

DEFINING PENSIONABLE ALLOWANCES AND APPLICABLE RATES FOR PENSION DEDUCTION ON HUMANMANAGER

The following steps are provided to update HumanManager to accommodate the rules of the Pension Act 2014.

A. CONTRIBUTORY PENSION MODULE HAS BEEN ACTIVATED
      
      i. For Company Wide Update (i.e. Pension is setup as Company Wide):

            From Foundation Module > System Administration > Setup > Pension > Define Pension

Change Employee Percentage to '8' or applicable rate on Employee Contribution field

Change Employer's Percentage to '10' or applicable rate on Employer Contribution field

Click on “Update” to save the new changes

Go to Payroll Module

Select End of Month Run

Select Period Draft Run

From the screen select a Normal Payroll Run

Click on Process

Click Ok

Generate Pension Report and check your figures

   
   ii. For Pay Group Update (i.e. Pension is defined at the Pay Group level):
            
            From Foundation Module > System Administration > Setup > Payroll > Define Paygroups

Select and click the deduction tab for Individual Paygroups

Select the pension deduction from Name of Deduction Tab

Change Employee‟s Percentage to '8' or applicable rate on Employee Contribution field

Change Employer‟s Percentage to '10' or applicable rate on Employer Contribution field

Select “Update” to save your changes

Click on any of the Cancel button  to take you to Paygroups  listing screen

Click on Submit button to save

Go to Payroll Module

Select End of Month Run

Select Period Draft Run

From the screen select a Normal Payroll Run

Click on Process

Click Ok

Generate Pension Report and check your figures



B. IF PENSION IS CONFIGURED AS A REGULAR DEDUCTION

      i. For Company Wide Update:
            
            From Foundation Module > System Administration > Setup > Payroll > Define Regular Deduction

Select and Open Pension Deduction to edit

Change Employee Percentage to '8' or applicable rate on Employee Contribution field

Change Employer Percentage to '10' or applicable rate on Employer Contribution field

Click on Update button to save your changes

Click on Submit button for final update

Go to Payroll Module

Select End of Month Run

Select Period Draft Run

From the screen select a Normal Payroll Run

Click on Process

GeneratePension Report and check your figures


      
      ii. For Pay Group Update:
            
            From Foundation Module > System Administration > Setup > Payroll > Define Paygroups

Select a paygroup

Select Pension Deduction to edit, from the deduction tab

Change Employee‟s Percentage to '8' or applicable rate on Employee Contribution field

Change Employer‟s Percentage to '10' or applicable rate on Employer Contribution field

Select Update to save your changes

Click on any of the Cancel buttons to take you to Paygroups  listing screen.

Click on Submit button to save

Go to Payroll Module

Select End of Month Run

Select Period Draft Run

From the screen select a Normal Payroll Run

Click on Process

Generate Pension Report and check your figures


C. IF PENSION GROSS CHANGED

It means that the Gross Emolument is different from the old Pension Gross. To setup/edit Pension Gross (i.e the system coded GCAL):

      From Foundation Module > System Administration > Setup > Payroll > Define Calculation Table

Select the Pension Gross with the code GCAL

Remove or add your desired payroll parameter

Click on Update button to save your changes

Click on Submit button for final update

Go to Payroll Module

Select End of Month Run

Select Period Draft Run

From the screen select a Normal Payroll Run

Click on Process

Generate Pension Report and check your figures

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