Managing Pensions and Savings Contributions

You can enroll your employees in pension and savings schemes, and override the default values that apply to the pension type, if required.

  1. Enroll your employees in pension and savings schemes. For ABP pensions, you enter the ABP Pensions element. For other schemes, you enter the elements generated for each scheme in which the employee enrolls. If the employer contributes to the scheme, you enter two elements.

    See: Enrolling Employees in Pension Schemes

    See: Enrolling Employees in Savings Schemes

  2. If the employee's schemes use the Average Working Days or Average Days With Work Schedules conversion rules, you can override Average Pension Days for this assignment using the Dutch Average Pension Days EIT. If you don't enter an override, the number for Average Pension Days is taken from a predefined global value (for the Average Working Days conversion rule) or calculated from the employee's work pattern (for the Average Days with Work Schedules conversion rule).

    Attention: This override applies to all of the employee's schemes unless you entered a lower level override. For ABP schemes, you can enter an override for a specific pension type for the assignment using the ABP Pensions Override Information EIT. For other schemes, you can enter an override for a specific scheme in the Override Pension Days input value on the Pension Deduction and Employer Pension Contribution elements. The entry in the input value takes precedence.

    See: Assignment Extra Information Types

  3. For ABP pensions, check the pension types that are valid for this employee's organization. These appear in the Dutch ABP Pension Types EIT for the employee's organization or any parent organizations further up the default hierarchy. If you want to process any other pension types for this employee, use the ABP Pensions Override Information assignment EIT to enter the additional pension types.

    See: Assigning ABP Pension Types to an Organization

    See: Assignment Extra Information Types

  4. You can override pension salary, annual limits, and contribution amounts for an employee assignment. For ABP pensions, use the ABP Participation and Salary Information assignment EIT to override pension salary and use the ABP Pensions Override Information EIT to override annual limits and contribution amounts for specific pension types. For other schemes, use the input values on the Pension or Savings Deduction element to override the contribution amount or annual limit.

    For ABP pensions, see: Assignment Extra Information Types

    For other schemes, see: Enrolling Employees in Pension Schemes or: Enrolling Employees in Savings Schemes

  5. If the employee contributes to an ABP pension type with an age-dependent premium, record the age at which the employee began contributing to the pension in the Participation Start Age field of the ABP Participation and Salary Information assignment EIT.

    See: Assignment Extra Information Types

  6. If the employee receives FLO Payment, Disability Pay, or Payment of Resignation, record the fact using the Resignation Pay Details person EIT.

    See: Person Extra Information Types

  7. You enter the Special Inputs element if you want to enter a new arrearage amount or--for non-ABP schemes only--to make a one-time change to the employee contribution. See: Adjusting Pension or Savings Deductions