Solution Properties
Solution ID:
200517055352207
Last Modified Date:
Mon Jun 29 09:30:17 UTC 2026
Taxonomy Path:
Case category//How do I...//processing
Author:
[email protected]
Retirement Reform Setup
Description
Configure and link specific payroll components to process retirement reform.
Cause
Resolution

Create the retirement fund 

  1. On the navigation pane, expand Parameters.
  2. Expand Payroll.
  3. Double‑click Retirement fund.
  4. Select New.
  5. Complete the fields and click the Save.

    NOTE:

    Don't select the N/A Retirement Fund for South African tax setup.

     

Link the retirement fund to the company

  1. On the navigation pane, expand Parameters.
  2. Expand Payroll.
  3. Double‑click Company retirement fund.
  4. Select New.
  5. Complete the fields and Save the changes. 

Create the deduction definition

  1. On the navigation pane, expand Company management.
  2. Expand Payroll Definitions.
  3. Double‑click Deductions.
  4. Select New.
  5. Complete the mandatory field:
    • Linked Company Contribution

    NOTE:

    Select Linked Company Contribution or the system prevent from saving the deduction definition.

     

     

Create the company contribution

  1. Create a company contribution when prompted or select the Add button

  2. Complete the mandatory fields:

    • Company Retirement Fund
    • Linked Deduction

NOTE:

If you create the deduction first, the system links it automatically

 

Steps to duplicate
Related Solutions