Purpose

The purpose of this task is to enter a Savings Plan for an employee’s Optional Retirement Plan (ORP), Voluntary Defined Contribution Plan (VDC), or 403(b) Tax Deferred Annuity Plan in the Payroll System.

Entering a Savings Plan

Navigation Path

Main Menu > Benefits > Enroll in Benefits > Savings Plans

Steps

1. Enter the employee’s Empl ID.
2. Click the Search button.
3. Insert a new row – if applicable – click the plus sign (+) or ALT +7.
4. Enter Plan Type (4Z- for ORP or VDC, 46 for 403(b)).
5. Enter effective date – Coverage Begin Date.
6. Enter effective date – Deduction Begin Date.
7. Enter effective date – Coverage Election Date.
8. Select Elect as the Coverage Election.
9. Enter the Benefit Plan.
10. Enter the Before Tax Amount or Percent of Earnings (If the Benefit Plan is set up to have one).
11. Enter the After Tax Amount or Percent of Earnings (For 403(b) Roth).
12. Click the Save button.

Result

A Savings Plan has been entered.