Creating superannuation benefit plans

  1. Select Benefits > Plans > Benefit Plans.
  2. Click Create, and on the Main tab, specify this information:
    Type
    Select Defined Contribution.
    Benefit Plan
    Specify the name of the benefit plan and a description.
    Start and End dates
    Specify the plan start and end dates.
    Coverage Type
    Select No Coverage.
    Contribution Type
    Select Flat Contributions.
  3. Click the Eligible tab, and select the Covered check box.
  4. Specify the appropriate Benefit Group.
  5. Click the Exports tab, and in the File Selection section, select the Resource Benefits Export check box.
    Note: This enables the system to create a corresponding employee deduction export record to be used for interfacing to HRM.
  6. Click Save. The other tabs are activated.
  7. Click the Deductions tab, and select the Frequency Table.
  8. In the Amount: Employer field, select Deduction Code for Superannuation.
  9. Click the Entry Rules tab, and click Create.
  10. On the Benefit Entry Rule screen, specify this information:
    Coverage Class
    Select Employees.
    Rule Type
    Select Waiting Periods.
  11. Click the Initial Enrollment tab, select Start Date for Date Type, and click Save.
  12. Click the Contributions tab, click Create, and specify this information:
    Coverage Class
    Select Employees.
    Contribution Tax Type
    Select No Contribution.
    Calculation Type
    Select Percent of Salary.
    Contributions: Employer
    Specify Percentage of Contribution.
    Additional Type
    Select the Other Amount, where the Superannuation contribution is mapped.
    Date Type
    Select Current.
  13. Click Save.