Your employees may want to access an employer-sponsored pension plan. They also have a legal responsibility to pay into a public pension. Types of retirement funds
Adding pension fund
To create pension contributions for an employee, you'll first need to add the pension fund to the benefit funds on the maintenance tab.
Select Settings from the menu.
Select Retirement Funds.
Click Add New Retirement Fund on the top right-hand side.
Select the Fund Type from the dropdown as a Pension fund.
Enter the Fund Name.
You can enter a clearance number, but this isn't mandatory.
Select a Contribution Type from the dropdown as specified by your fund.
Select the Calculation Based on the dropdown and select the appropriate option as specified by your fund.
Select Save.
📎NOTE: Depending on the option that you selected you'll have to fill in the different fields.