Pension Credit Change

This module allows changes to be made to the pension credit amounts calculated during the payroll processing. The pay date may also be changed. Changes after the update has been run may also be made for any previous period. The pension credits are used by both BC Teachers and Municipal as well as the Alberta LAPP pension reporting. The Alberta Pension credits requires four decimals of precision. An Alberta payroll is indicated by entering 'A' in the Province Or State Code field of the User Specific Parameters profile. This profile setting must be set to 'A' during payroll update in order to receive four decimals of precision.

Employee NO

• Enter the number of the employee you want to access for pension credit change. Use look-up to select the employee by name.

Pay Period

• Enter the pay period for the pension credit change.

The screen lists the following information for the first history record it finds in the selected period:

Pay date

Pay type Payroll, Adjustment, Manual Cheque, Cheque Cancellation

Pension Credit amount per pension deduction

Previous Period - to bring up the previous pension history record. You are notified when you have reached the end of the year and prompted for a new pay period to access a different year.

Add - to add a pension deduction and pension credit to the list of pension deductions. The deduction to be added to the employee's list must be a pension deduction, meaning the deduction must be defined as a Group '1' deduction. An employee may have up to 11 pension deduction history entries per history record.

When you indicate a pension, deduction is to be added to the employee's pension history that does not currently exist on the employee, you are prompted as follows:

Deduction not Currently on Employee Continue Addition