Employee Pension Percentages

1.       Direct entry

a.       Pension set to Standard Rates

b.       Percentages entered to Hr Record > Payroll Details > Pension screen

c.       These percentages will be used by the calculation

2.       Based on Salary at a Fixed point in time

a.       Pension set to Contribution Bands, Fixed Update, Pensionable Pay

b.       Run Pension update wizard, with Scheme band table set to Salary

c.       This will load percentages into the Hr Record > pension screen, based on the employees salary at that point in time

d.       These percentages will be used by the calculation

3.       Based on Salary adjusted by WTE at Fixed point in time

a.        Pension set to Contribution Bands, Fixed Update, WTE

b.       Run Pension update wizard, with Scheme band table set to Salary

c.       This will load percentages into the Hr Record > pension screen, based on the employees salary at the point in time divided by the employees WTE.

d.       These percentages will be used by the calculation

4.       Based on past pensionable gross

a.       Pension set to Contribution Bands, Fixed Update, Pensionable Pay

b.       Run Pension update wizard, with Scheme band table set to Previous Pensionable Pay. You will also have to define the year to be analysed

c.       This will load percentages into the Hr Record > pension screen

d.       These percentages will be used by the calculation

5.       Based on past pensionable gross adjusted by current WTE

a.       Pension set to Contribution Bands, Fixed Update, WTE

b.       Run Pension update wizard, with Scheme band table set to Previous Pensionable Pay. You will also have to define the year to be analysed

c.       The Pensionable pay will be adjusted by dividing by the employees WTE

d.       This will load percentages into the Hr Record > pension screen

e.       These percentages will be used by the calculation

6.       Based on this periods salary

a.       Pension set to Contribution Bands, Calculation, Pensionable Pay

b.       The percentages will be calculated each time the Payroll calculation is run.

c.       The percentages will be based on the employee’s salary

7.       Based on this periods salary adjusted by the WTE

a.       Pension set to Contribution Bands, Calculation, WTE

b.       The percentages will be calculated each time the Payroll calculation is run.

c.       The percentages will be based on the employee’s salary divided by the employee’s WTE