Learn about Redwood and be one of the first to join the conversation

Visit Redwood Community
Need help setting up pension plans in Benefits — Cloud Customer Connect
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Need help setting up pension plans in Benefits

Question
1
Views
0
Comments

Summary: I need to setup basic and supplemental pension plans which allows employees to enter % or actual amounts to be deducted. The amount will need to be calculated as % times of base pay. I need guidance on the best practice


Content (required): We are not implementing

Pension basic and supplemental can have 3 options - Conservative, Moderate and aggressive. Basic has a min/max limit or 1% to 8%. Employees should be able to enter either the % or the actual contribution amount. We have to capture enrollment within benefits as payroll is not implemented.

The rate should be displayed as % of basic salary

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!