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How to update employer rate for retirement deduction

How to update employer rate for retirement deduction





Description of Issue

How do I update the employer rate for a retirement deduction?



Context
  • Munis

  • Deduction and Benefit Master

  • Employee Deductions



Cause




Resolution

If the deduction code is using Calc Code 03 - PCT FROM DEDUCTION MASTER:

  1. Access Deduction and Benefit Master: Payroll > Payroll Setup > Deduction and Benefit Master

  2. Search for the retirement deduction

  3. Click Update, enter the new rate in the Empr Amt/Pct field

  4. Click Accept

If the deduction code is using a Calc Code 04 - PCT FROM EMPLOYEE DEDUCTION:

  1. Manually adjust the rate in Employee Deductions: Payroll > Employee Maintenance > Employee Deductions

  2. Search for the deduction and employee

  3. Click Update, enter the new rate in the Empr Amt/Pct field

  4. Click Accept

    1. 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:

  1. Manually adjust the rate in Employee Deductions: Payroll > Employee Maintenance > Employee Deductions

  2. Search for the deduction

  3. Click Mass Update

  4. Click Define and select Employer Amount/Percent

  5. Enter the new rate in the "To" field

  6. Click Accept and click Execute



Additional Information

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.











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