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spay:procguide:annual_procedure_prgf_flag_and_arrears [2020/05/19 09:39] mclement |
spay:procguide:annual_procedure_prgf_flag_and_arrears [2020/05/19 09:40] (current) mclement |
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Step 6:Update columns PRGF Flag and Pension Scheme Flag | Step 6:Update columns PRGF Flag and Pension Scheme Flag | ||
- | * Pension Scheme Flag with values Y (YES) or N (NO) - Pension Flag indicates whether retirement benefits of the employee are payable under the Statutory Bodies Pension Funds Act; or in accordance with a private pension scheme. | + | * **Pension Scheme Flag** with values Y (YES) or N (NO) - Pension Flag indicates whether retirement benefits of the employee are payable under the Statutory Bodies Pension Funds Act; or in accordance with a private pension scheme. |
- | * PRGF Flag with values Y (YES) or N (NO) - PRGF Flag indicates whether the employer contributes or not to the PRGF for the employee. | + | * **PRGF Flag** with values Y (YES) or N (NO) - PRGF Flag indicates whether the employer contributes or not to the PRGF for the employee. |
**However, the PRGF Fund is applicable to all workers of the private sector, excluding:** | **However, the PRGF Fund is applicable to all workers of the private sector, excluding:** |