Payroll Funds Setup | Group Life Setup
About
Employer-owned insurance policies should be setup as a Payroll Fund. The Group Life Policy needs to be configured before the components for the Group Life Policy 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.
Navigation Path
Navigate > Config > Payroll > Administer Payroll Funds > Group Life Setup
Overview
An extract of the Group Life Setup Screen.
Payroll Components
Once the Group Life Policy has been setup, you will then need to create the Group Life Employee Deduction and the Group Life Employer Contribution Payroll Components. The Group Life Policy 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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