Payroll Funds Setup | Disability Lumpsum Setup

Payroll Funds Setup | Disability Lumpsum Setup

About

Employer-owned insurance policies should be setup as a Payroll Fund. The Disability Lumpsum needs to be configured before the components for the Disability Lumpsum can be created. Once the components has been added, it can be linked on the Employee Recurring Payroll Component Screen.

Edition

This feature is available on all PaySpace editions.
Navigate > Config > Payroll > Administer Payroll Funds > Disability Lumpsum Setup

Overview

An extract of the Disability Lumpsum Setup Screen.






Payroll Components

Once the Disability Lumpsum has been setup, you will then need to create the Disability Lumpsum Employee Deduction and the Disability Lumpsum Contribution Payroll Components. The Disability Lumpsum can then be linked to the employee on the Recurring Payroll Component Screen on employee level.

Extract of the Payroll Component Catalogue





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