Pension Funding Sources (PR04.1)

Use Pension Funding Sources (PR04.1) to define the funding sources that represent the locations of the funds used for pension or retirement payments. Funding sources can be a mutual fund, bank account, stock fund--any place your organization stores funds for these kinds of payments.

You select funding sources when you create pension payments on Pension Payment (PR29.1).

Process at a Glance

  1. Define funding sources on this form.

  2. Define payments on Pension Payments (PR29.1)

  3. Process the payroll cycle to calculate earnings and create payments.

Processing Effect

When you define a funding source, you associate it with the General Ledger account that tracks the funds. As you create pension payments using a funding source, Payroll posts the amounts to the General Ledger account you associate with the funding source.

You can also assign an activity to the funding source for tracking in .