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positionmanagement:utilities:salarysimulation:deductions
Deductions - HRS6250
Position Management > Utilities > Salary Simulation > Deductions
This tab is used to designate estimated employee and employer annual amounts for deductions. PMIS does not use the next year Staff Job/Pay Data; therefore, employee deductions are not available for budgeting. Vacant positions can also be included in the simulation.
The intent of the employee amount is to have an annual estimated value of deductions that are subject to a Cafeteria Plan 125 that affects FICA/Medicare tax calculations for budgeting purposes. The employer amount is intended for those deductions where employer contribution needs to be budgeted. The simulation looks at the current year payroll to detect which employees have that deduction code, and takes the amount reflected in the Emp Amt field on this tab and reduces the employee annual gross on the simulation by that amount for those employees who occupy positions in the next year PMIS to determine the amount of FICA/Medicare that needs to be calculated for Budget. This field is optional; however, leaving it blank will over budget for FICA and Medicare, which may be preferred by some LEAs.
You must be logged on to a next year pay frequency to access this utility.
Designate or add a deduction code:
| Field | Description |
|---|---|
| Simulation Name | Type the name of a simulation or click  to select the simulation name from a list. |
| Simulation Description | Type a description of the current simulation or click to select the simulation description from a list. The field can be a maximum of 30 characters. |
❏ Click Retrieve.
| Simulation Name | Display only and indicates the simulation name as entered in the Simulation Name field at the top of the page. |
|---|---|
| Description | Display only and indicates the simulation description as entered in the Simulation Description field at the top of the page. |
❏ Click Deductions to select a fund from the Deductions lookup.
❏ Click +Add to add a row.
| Deduction Code | Type a three-digit code identifying the deduction. This code must exist in the Deduction Code table. |
|---|---|
| Type | Indicates the two-character code identifying the deduction and is automatically populated based the Deduction Code field. |
| Long Description | Indicates the long name that best describes the deduction code and is automatically populated based on the Deduction Code field. |
| Emp Amt | Type the annual amount of the contribution by the employee with that deduction. |
| Emplr Amt | Type the annual amount of the contribution by the LEA for the employee with that deduction. |
| Apply to Vacant Position |
Select to apply the employer amount to vacant positions included in the simulation. Note: If your TRS Active-Care is split between more than one payroll deduction code, only select this field for one of the deduction codes. For example, if you have four TRS Active-Care codes and each one has an annual amount of $2700 for the employer contribution and you select this field for all four codes, then each vacant position in your reports will reflect a budget amount of $10,800 for health insurance. |
❏ Click Save.
Other functions and features:
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Click to delete a row. The row is shaded red to indicate that it will be deleted when the record is saved.
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|---|---|
| Click to display the report. Review the report. |
positionmanagement/utilities/salarysimulation/deductions.txt · Last modified: 2020/12/15 16:13 by emoreno