Deduction types are already pre-populated.
After setting up deduction codes, you must associate them with a deduction type.
You can assign deduction types on the VA State Reporting - Deductions page of the following reports:
The following table describes the deduction types:
|
Deduction Type |
Description |
|---|---|
|
R - Retirement Code |
Assign this deduction type to retirement deductions. |
|
G - Group Life Code |
This deduction type can be used for Group Life deductions. |
|
O - Optional Life Code |
Assign this deduction type to Optional Life employee, spouse, and child deductions. |
|
H - Health Insurance Code |
This deduction type can be used for health insurance deductions. |
|
B - Buyback Code |
Assign this deduction type to buyback deductions. |
|
U - Unemployment Insurance Code |
This deduction type can be used for unemployment insurance deductions. |
|
D – Hybrid Defined Benefit Employee |
Assign this deduction type to Hybrid employee-defined benefits. |
|
E – Hybrid Mandatory Defined Contribution Employee |
Assign this deduction type to Hybrid mandatory employee-defined contributions. |
|
F – Hybrid Mandatory Defined Contribution Employer |
Assign this deduction type to Hybrid mandatory employer-defined contributions. |
|
V – Hybrid Voluntary Defined Contribution Employee |
Assign this deduction type to Hybrid voluntary employee-defined contributions. |
|
M – Hybrid Defined Contribution Employer Match |
Assign this deduction type to Hybrid defined employer match contributions. |
|
C – Hybrid Defined Benefit Employer Contribution |
Assign this deduction type to Hybrid defined benefit employer contributions. |