Hybrid Voluntary Employee-Defined Contribution

Menu Path

From the Human Resources menu, select Reference Tables. From the Payroll menu, select Deductions.

Set Up the Hybrid Voluntary Employee-Defined Contribution

Follow this procedure to set up Hybrid Voluntary Employee-Defined Contribution records. Every VRS Hybrid participant with a voluntary contribution requires this benefit.

1. Refer to Deductions/Benefits and set up Hybrid Voluntary Employee-Defined Contribution records.

2. Assign the deduction codes to employees on the Employee Deductions page.

3. Associate the deduction code with the Deduction Type V - Hybrid Voluntary Defined Contribution Employee on the VA State Reporting - Deductions page.

For information about the current Hybrid Voluntary Employee-Defined Contribution rates, refer to the manuals on the VRS Website for Employers.