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Deferred Compensation Subtask

Use this subtask to change certain taxable entity-specific settings used by the Retirement Benefits modules in Employee Self Service.

Set up this screen before implementing the ESS Retirement Benefits module in ESS.

Contents

Field Description
Immediate Update of Deferred Compensation Deductions Select this check box if changes to an employee's deferred compensation percentage (Current Percent/Amount) in the Retirement Benefits screen (under the Payroll menu in ESS) must immediately update the employee's deduction settings in Deltek Costpoint. If you do not select this check box, the changes made to the deferred compensation percentage in the Retirement Benefits screen for the employee are held in an ESS staging table, where the information can later be processed and uploaded using the Activate ESS Retirement Benefit Changes screen. When you first access this screen, this check box is not selected.
Employees Can Change Deduction Method

Select this check box to allow employees to change their deduction method in ESS.

Minimum Percent

Enter the minimum deferred compensation percentage value (Current Percent/Amount) that is allowed when an employee changes his withholding percent in the Retirement Benefits screen in ESS. There is no default for this field. The value must be between 0 and 100 and it must be less than or equal to the maximum deferred compensation percentage value.

Maximum Percent

Enter the maximum deferred compensation percentage value that is allowed when an employee changes his withholding percent in the Retirement Benefits screen in ESS. There is no default for this field. The value must be between 0 and 100 and it must be greater than or equal to the minimum deferred compensation percentage value.

Open Change Periods

Use this table window to specify the date ranges for the period when the deferred compensation percentage changes are accepted. Select the to enter new lines in this table window. All functions except Repeat are available under the Line menu.

Field Description
Start Date (MM/DD)

Enter a deferred compensation open change period start date to be used in the Retirement Benefits screen in ESS. Enter a numeric month and day in this editable column. The change Start Date must be before the change End Date for the selected row.

End Date (MM/DD)

Enter a deferred compensation open change period end date to be used in Retirement Benefits screen in ESS. Enter a numeric month and day in this editable column. The change End Date must be after the change Start Date for the selected row.

Deductions/Methods

Use this group box to view the detail related to deduction amounts for the related payroll. Deduction information is established in the Deductions screen in Costpoint Payroll.

Field Description
Deduction

Enter, or click to select, the deduction code that employees are allowed to add or update in ESS.

Deduction Method

From the drop-down list, select the deduction method that is allowable for the selected deduction code in ESS. Valid options are:

  • FIXAMT: Fixed Amount. Use this method to have a particular dollar amount deducted each pay period (for example, an employee loan payback).
  • GHRSPD: A per hour amount based on hours paid. This method multiplies the rate entered in EMPL_DED table by the gross hours worked. Gross Hours Worked in this case is defined as pay type hours times pay type factor.
  • GRSHRF: Gross Hours. Use this method when the deduction amount is based on total hours worked for the period. Costpoint calculates the deduction amount by adding all hours for the payroll period and multiplying that figure by the deduction amount.
  • GRSHRP: Gross Hours. Use this method when the deduction amount is based on total hours worked for the period. Costpoint calculates the deduction amount by adding all hours for the payroll period and multiplying that figure by the deduction percentage.
  • PCTANN: Percentage of Annual Salary. This method multiplies the rate by the employee's annual salary amount to come up with the deduction amount. 
  • PCTGRS: Percentage of Gross Wages. This method multiplies the Rate % by the total wages for the pay period. The total wages will not exclude any deduction types.
  • PCTREG: Percentage of Regular Wages. This method multiplies the rate by the total of all non-overtime pay type wages for the pay period.
  • PCTGRQ: Percent of Gross Wages excluding any 457 plan deductions and non-qualified deferred compensation (NQDC) deductions. This method multiplies the Rate % by the total wages for the pay period.
  • REGHRF: Regular Hours. Use this method when the deduction amount is based on all hours not designated as overtime hours. Costpoint calculates the deduction amount by adding all non-overtime hours for the payroll period and multiplying that figure by the deduction amount.
  • REGHRP: Regular Hours. Use this method when the deduction amount is based on all hours not designated as overtime hours. Costpoint calculates the deduction amount by adding all non-overtime hours for the payroll period and multiplying that figure by the deduction percentage.