Introduction
Retirement benefits form part of an employee's long-term compensation and benefits structure. The Retirement Benefits feature in Acculyt AI allows organizations to define and manage retirement-related employee benefits for use in supported payroll processes.
Overview
The Retirement Benefits feature in Acculyt AI allows organizations to create and manage retirement benefits from a centralized location. Maintaining these benefits in the system helps businesses organize employee compensation records and apply retirement-related benefits consistently during payroll processing.
How It Works
Retirement benefits represent benefits provided to employees as part of their retirement or long-term benefits structure. Once a retirement benefit is created, it can be used in supported payroll processes according to the organization's compensation and benefits policies.
Retirement benefits can be configured according to the organization's employee benefits structure and applicable payroll requirements.
Managing Retirement Benefits
Once created, the retirement benefit becomes available for use in supported payroll processes. You can manage existing retirement benefit records using the available options in the Retirement Benefits list.