Pensions To Be Calculated On Mutliple Salaries

Multiple Salaries

It is now possible to specify that a Salary that is a composite figure from more than one Employment History Record, can have the Pension element of each component of the Salary processed separately.

This can be of use if the separate elements of the pension are to paid to different schemes such as TPA and LGPS, or if the pension is to be paid to the LGPS, but at two different percentage rates.

 

 

Definitions

 

Payroll Parameters

The field Use Employment History Links will need to be ticked in Payroll Definitions Payroll Parameters – Controls tab.

 

Payroll Codes Maintenance

A second salary payroll code will need to be defined. This pension code should be identical to the salary payroll code already is use. (Payroll Definitions General).

 

Pension Codes Maintenance

A second LGPS pension code will need to be defined. This pension code should be identical to the LGPS pension code currently in use. (Payroll DefinitionsGeneral).

 

HR Record

 

Payroll Details > Pensions

The newly defined pension will have to be set against the employee.

 

Payroll Details > Fixed Payments

The original salary record will have to be amended to point to one of the employee’s employment history records and to only ne pensionable by the original pension code.

 

Payroll Functions > Calculation

If you use the Each Calculation type of pension process, then the calculation will now use the details set up in Fixed Payments, to calculate the pension percentage rates for the employee.

Critical date processing based on details held on the salary history file, will not be initiated for employees who fixed input records are linked to the employment history records.

 

Pension Percentage Update

If you use the Fixed Update type of pension process, then this process will now use the details set up in Fixed Payments to calculate the pension percentage rates for the employee.

If you run this process without specifying a query, it will process all employees on the pension, you can create a query to just define the employee or employees to be included.

 

Back Pay Processing

Back Pay Processing based will not be initiated for employees whose fixed input records are linked to their employment history records.

 

Scheme Contributions Report (71)

 

This report now allows for multiple pension schemes to be included in the same report, so it is possible to get a single report of the values for both the LGPS pension schemes.