How to update employer rate for retirement deduction
How do I update the employer rate for a retirement deduction?
Munis
Deduction and Benefit Master
Employee Deductions
If the deduction code is using Calc Code 03 - PCT FROM DEDUCTION MASTER:
Access Deduction and Benefit Master: Payroll > Payroll Setup > Deduction and Benefit Master
Search for the retirement deduction
Click Update, enter the new rate in the Empr Amt/Pct field
Click Accept
If the deduction code is using a Calc Code 04 - PCT FROM EMPLOYEE DEDUCTION:
Manually adjust the rate in Employee Deductions: Payroll > Employee Maintenance > Employee Deductions
Search for the deduction and employee
Click Update, enter the new rate in the Empr Amt/Pct field
Click Accept
Use Employee Import
If the deduction code is using a Calc Code 04 - PCT FROM EMPLOYEE DEDUCTION where the amounts employer rate is the same:
Manually adjust the rate in Employee Deductions: Payroll > Employee Maintenance > Employee Deductions
Search for the deduction
Click Mass Update
Click Define and select Employer Amount/Percent
Enter the new rate in the "To" field
Click Accept and click Execute
Mass Update feature should only be used if the current rate is the same for all employees included in the find set, and the updated rate will be the same for all employees.