Resolution

Change the Calc Code in Deduction and Benefit Master for all DC deductions and process the VRS Defined Contribution Reporting after every pay period.

Deduction Changes

DC deductions become a simple percent of deduction gross calculation.

Before the first payroll processed with a July check date, you will need to change the deduction calc code (or create new deduction codes).

In the Deduction and Benefit Master program, use Calc Code to 03 - Percent from Deduction Master for the Mandatory deductions and 04 - Percent from Employee Deductions for the Voluntary deductions.
From the Deduction and Benefit Master, select Exceptions and update the Payroll Exceptions as needed.
1. All EERP Pay codes that should not be included in VRS creditable compensation need to be defined here.
2. In the payroll, deduction gross represents your VRS creditable compensation amount. All pays defined as excluded in Payroll Exceptions will be excluded from the deduction gross in the payroll.

After the calc code has been changed, you will need to delete and re-add the deductions in Employee Deductions.

There are a few options to accomplish this:

Manually delete and re-add using the Delete and Add options in Employee Deductions.
Global Add/Delete option in Employee Deductions
Employee Deduction Import.

Reporting Changes

The ICMA-RC VRS Hybrid and DC Plans Payroll Report program will be renamed to VRS Defined Contribution Reporting under (master) work ticket MUN-483842, and allow you to create a file by Check Date.

The changes are available in the following Tyler Deploy releases:

10.0.1449
11.0.1279
12.0.881
0.1.0.0A

Use this program to create your contribuion file for each Check Date after July 1st.

Reference VRS Defined Contribution Reporting for setup and processing steps.

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