SERS Retirement Deduction Codes Examples
The following examples show how to set up SERS Retirement Deduction Codes for various requirements.
Example 1: SERS Employee Contribution (Standard)
The following table lists the tabs, fields, and values required to set up the SERS Employee Contribution (Standard) deduction code on the Deduction Table page.
Tab | Field | Value |
|---|---|---|
General | Deduction Code | SERS |
General | Title | SERS EMPLOYEE |
General | Check Title | SERS EE |
General | Frequency | A (All Pays) |
General | Maintain Arrears | Select this option. |
General | Method | P - Table % |
General | Subjective Gross | TT - Total Gross |
Employee | Withholding Account | 01-0000-2151 |
Employee | Deduction Amount/Rate | 10 |
Employee | Maximum Method | Y - Year to Date |
Employee | Cafeteria Plan | N |
Employer | Benefit Method | N - None |
Taxation | Federal Tax (Deduction) | Select this option. |
Taxation | State Tax (Deduction) | Select this option. |
Taxation | FICA Tax (Deduction) | Leave this option unchecked. |
Taxation | Local Tax (Deduction) | Select this option. |
Vendor | Vendor | SERS |
Vendor | Payment Frequency | M (Monthly) |
Example 2: SERS Employer/Board Contribution
The following table lists the tabs, fields, and values required to set up the SERS Employer/Board Contribution deduction code on the Deduction Table page.
Tab | Field | Value |
|---|---|---|
General | Deduction Code | SERB |
General | Title | SERS BOARD |
General | Check Title | SERS BD |
General | Frequency | A (All Pays) |
General | Maintain Arrears | Leave this option unchecked. |
General | Method | N - None |
General | Subjective Gross | TT - Total Gross |
Employee | Withholding Account | Leave this field blank. |
Employee | Deduction Amount/Rate | 0 |
Employee | Maximum Method | Y - Year to Date |
Employee | Cafeteria Plan | N |
Employer | Benefit Method | P - Table % |
Employer | Benefit Amount/Rate | 14 |
Employer | Benefit Charging | A - All Pay Rates |
Employer | Benefit Account | 01-2700-2210-000 |
Employer | Benefit Liability Account | 01-0000-2151 |
Employer | Encumber Benefits | Select this option. |
Employer | Times Encumbered | 26 |
Taxation | All Tax Exemptions | Leave this option unchecked. |
Vendor | Vendor | SERS |
Vendor | Payment Frequency | M (Monthly) |
Example 3: SERS Pickup on Pickup (Pre-Tax with Gross-Up)
The following table lists the tabs, fields, and values required to set up the SERS Pickup on Pickup (Pre-Tax with Gross-Up) deduction code on the Deduction Table page.
Tab | Field | Value |
|---|---|---|
General | Deduction Code | SEPP |
General | Title | SERS PICKUP ON PICKUP |
General | Check Title | SERS PP |
General | Frequency | A (All Pays) |
General | Maintain Arrears | Select this option. |
General | Method | P - Table % |
General | Subjective Gross | TT - Total Gross |
Employee | Withholding Account | 01-0000-2151 |
Employee | Deduction Amount/Rate | 10 |
Employee | Maximum Method | Y - Year to Date |
Employee | Cafeteria Plan | N |
Employer | Benefit Method | N - None |
Taxation | Federal Tax (Deduction) | Select this option. |
Taxation | State Tax (Deduction) | Select this option. |
Taxation | FICA Tax (Deduction) | Leave this option unchecked. |
Taxation | Local Tax (Deduction) | Select this option. |
Vendor | Vendor | SERS |
Vendor | Payment Frequency | M (Monthly) |
Example 4: SERS Post-Tax Contribution
The following table lists the tabs, fields, and values required to set up the SERS Post-Tax Contribution deduction code on the Deduction Table page.
Tab | Field | Value |
|---|---|---|
General | Deduction Code | SEPT |
General | Title | SERS POST TAX |
General | Check Title | SERS PT |
General | Frequency | A (All Pays) |
General | Maintain Arrears | Select this option. |
General | Method | P - Table % |
General | Subjective Gross | TT - Total Gross |
Employee | Withholding Account | 01-0000-2151 |
Employee | Deduction Amount/Rate | 10 |
Employee | Maximum Method | Y - Year to Date |
Employee | Cafeteria Plan | N |
Employer | Benefit Method | N - None |
Taxation | Federal Tax (Deduction) | Leave this option unchecked. |
Taxation | State Tax (Deduction) | Leave this option unchecked. |
Taxation | FICA Tax (Deduction) | Leave this option unchecked. |
Taxation | Local Tax (Deduction) | Leave this option unchecked. |
Vendor | Vendor | SERS |
Vendor | Payment Frequency | M (Monthly) |