Contents of the Manage Retirement Elections Screen

Use the fields and options to configure the Manage Retirement Elections Screen.

Contents

Field	Description
Employee	Enter, or click to select, the ID of the employee whose ESS retirement benefit elections you would like to view/change. You must first run the Populate Open Enrollment Benefits Option/Election Tables application for the employee before you can enter a new record, and the employee must have already completed his elections in ESS before you can edit them. The employee name displays in the field to the right.
Deduction	Enter, or click to select, the code for the deduction. This field is required. When you tab out of this field, the defaults from the Manage Deductions screen populate the Deduction Method and the Rate Amount. You can edit any of these fields except the description, which displays in the field to the right. Entries override the defaults in the Deductions table. Note: Deleting a bond deduction makes the employee's Bond table inactive when the Update Employee Bond table is processed.
Deduction Method	To change the default method, use the drop-down list to select one of the following methods to use for this deduction. This field is required. 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.
Rate/Amount	Enter the desired deduction percentage, using up to four decimal places, or the deduction amount, depending on the Deduction Method selected. This is a required field.
Start Date	Enter, or click to select, a date for the deduction to start. This is normally the pay period start date. If the start date is later than the pay period end date, the deduction starts in the following pay period. Leave this field blank to indicate that the deduction starts immediately.
End Date	Enter, or click to select, a date through which the deduction is used. This is normally the pay period end date. Leave this field blank to indicate that this deduction continues indefinitely.