You are here: SKB Home » HRMS Payroll » Procedure Guide » Generate Employee PRGF Flag
Differences
This shows you the differences between two versions of the page.
spay:procguide:annual_procedure_prgf_flag_and_arrears [2020/05/19 09:32] mclement |
spay:procguide:annual_procedure_prgf_flag_and_arrears [2020/05/19 09:40] (current) mclement |
||
---|---|---|---|
Line 43: | Line 43: | ||
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:** | ||
Line 55: | Line 55: | ||
* **A worker drawing a basic wage of more than Rs200,000 a month** | * **A worker drawing a basic wage of more than Rs200,000 a month** | ||
- | Pension Scheme flag (Yes) PRGF flag (No) or Pension Scheme flag (No) PRGF flag (No) | + | __//Pension Scheme flag (Yes) PRGF flag (No)//__ or __//Pension Scheme flag (No) PRGF flag (No)//__ |
* **A migrant worker or a non-citizen ** | * **A migrant worker or a non-citizen ** | ||
- | Pension Scheme flag (Yes) PRGF flag (No) or Pension Scheme flag (No) PRGF flag (No) | + | __//Pension Scheme flag (Yes) PRGF flag (No)//__ or __//Pension Scheme flag (No) PRGF flag (No)//__ |
* **Retirement benefits of the employee are payable under a Private pension scheme** | * **Retirement benefits of the employee are payable under a Private pension scheme** | ||
- | Pension Scheme flag (Yes) PRGF flag (No) | + | __//Pension Scheme flag (Yes) PRGF flag (No)//__ |
* **Retirement benefits of the employee are payable under the Statutory Bodies Pension Funds Act** | * **Retirement benefits of the employee are payable under the Statutory Bodies Pension Funds Act** | ||
- | Pension Scheme flag (Yes) PRGF flag (No) | + | __//Pension Scheme flag (Yes) PRGF flag (No)//__ |
* **Retirement benefits of the employee are payable neither under Private pension scheme nor under Statutory Bodies Pension Funds Act** | * **Retirement benefits of the employee are payable neither under Private pension scheme nor under Statutory Bodies Pension Funds Act** | ||
- | Pension Scheme flag (No) PRGF flag (Yes) | + | __//Pension Scheme flag (No) PRGF flag (Yes)//__ |
After the Excel file is updated, Save and close the file | After the Excel file is updated, Save and close the file |