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SPAY When an employer switches from PRGF to Private Pension Scheme
Where in a month an employer switches from PRGF to Private Pension Scheme, the following must be performed before payroll closure
- On the Employee Masterfile
- Deactivate PRGF Contribution Flag
- Activate Pension Scheme Flag
- Insert Date joined pension scheme
- Save
MRA PRGF Return (After payroll closure)
MRA PRGF Exit Statement (After payroll closure)
- Employee automatically appears on the PRGF Exit Statement only for the first month that he/she has joined the private pension scheme. However, for subsequent months he/she will no longer appear on the PRGF Exit Statement.