Define Pension Plan

OBJECTIVE

The Define Pension Plan function is used to manage RPP, RRSP, DPSP, group RRSP and Labour funds (LF) deductions.

Before creating a pension plan, refer to the How-to Create a pension plan in maestro* document to learn about the impacts of each pension plan.

 

Steps

maestro* > Time Management > Maintenance > Payroll > Define Pension Plan

 

Create a pension plan

  1. Enter the required information in the Main Fields tab:

The Configuration icon is used to define entry options for the Code field.

 

Field

Description

Code

Pension plan code.

Description

French description of the fund.

English Desc.

English description of the fund.

On stub

French description to be printed on the pay slip.

English stub

English description to be printed on the pay slip.

Type

Fund type. ClosedAvailable values:

Number

Permit number of the fund.

  1. Select a management method from the three methods below:

Field

Description

Flat Rate

Employee/Employer

Gross amount used to calculate the pension plan.

Hourly amount

Employee/Employer

Hourly amount used to calculate the pension plan.

% Gross Earning

Employee/Employer

Percentage of the gross salary used to calculate the pension plan.

  1. Select a maximum type from the two types below:

The maximum is the maximum applicable for all employees affected by the pension plan.

The maximum entered in Employee Management supersedes this value.

 

Field

Description

Weekly maximum

Maximum accumulated weekly.

Annual Maximum

Maximum accumulated annually.

  1. Complete the other fields based on requirements:

Field

Description

No govern. plan

Used if the maximum RRQ and CPP (federal pension plan) has been reached or the RRP and CPP amounts calculated equal 0 on Payroll Calculation.

Reference formula

Used to specify the variable for the amount used to calculate the pension plan.

NOTES: If no formula is specified, the system uses the SALFP variable by default.

View the appendix for all available variables and how to use them.

Fed Credit Factor

Employee/Employer

Federal income tax credit factor

NOTE: 1.000 = 100%

Prov Credit Factor

Employee/Employer

Provincial income tax credit factor

NOTE: 1.000 = 100%

Fed Income Tax Credit %

Federal income tax credit percentage.

NOTES: This is a factor. It is divided by 100 for the calculation.

This percentage applies only to pension plans managed by unions.

Prov Income Tax Credit %

Provincial income tax credit percentage.

NOTES: This is a factor. It is divided by 100 for the calculation.

This percentage applies only to pension plans managed by unions.

Fringe Benefit Account

The Fringe Benefit account is an accrued fringe benefits account if the hour transfer is set to Balanced. However, if the hour transfer is defined as Normal, an expense account must be entered in the Fringe Benefit Account field.

Remittance Account

The remittance account is a liability account used to track pension plan deductions.

  1. Click Save.

 

See also

 

APPENDIX

Variables available to determine the calculation for the Pension Plan

The Define Earning/Deduction Codes function has a direct impact on formulas that calculate the pension plan. You must correctly configure the bonus in the Payroll Calculation tab. The table below explains how the bonuses must be configured to ensure that the variables use them.

 

Variable

Source of the calculation to determine the pension fund

Sectors

Define Earning/Deduction Codes - Payroll Calculation tab

 

 

 

Federal Income Tax

Provincial Income Tax

Pension Fund

Committee Calculation

Union

QPP

W/C - CSST

Group Insurance

SALFP

Paid hours (regular, half, double and vacation) + Taxable vacation pay + all types of bonuses for which the Pension Fund box is checked.

NOTE: The amount of Taxable vacation pay comes from the Hours Management in the Taxable VacPay field.

All

 

 

X

 

 

 

 

 

SBFED

Paid hours (regular, half, double and vacation) vacation pay + all types of bonuses for which the Federal Income Tax box is checked.

All

X

 

 

 

 

 

 

 

SBPRO

Paid hours (regular, half, double and vacation) + vacation pay + all types of bonuses for which the Provincial Income Tax box is checked.

All

 

X

 

 

 

 

 

 

SALCOMITE

Paid hours (regular, half, double) + paid vacation + all types of bonuses for which the Provincial Income Tax box is checked.

All

 

 

 

X

 

 

 

 

HRPAYE or HRPAID

Paid hours (regular, half, double) + all types of bonuses for which the Committee Calculation in Hours box is checked.

NOTES: Income bonuses are calculated based on regular time.

Paid vacation days are not included in this variable.

All

 

 

 

 

 

 

 

 

HRTRAV or HRWORKED

Hours worked + all types of bonuses for which the Committee Calculation in Hours box is checked.

All

 

 

 

 

 

 

 

 

VACCALCULE

Vacation amount calculated only.

All

 

 

 

 

 

 

 

 

SALREG

Hours paid at regular time + all types of bonuses at regular time.

All

 

 

 

 

 

 

 

 

SALOVER

Hours paid at time-and-a-half + all types of bonuses paid at time-and-a-half.

 

 

 

 

 

 

 

 

 

SALDOUBLE

Hours paid at double time + all types of bonuses paid at double time.

 

 

 

 

 

 

 

 

 

SALFP0

Paid hours (regular, half, double and vacation) + Taxable vacation pay + all types of bonuses for which the Pension Fund box is checked.

NOTE: The amount of Taxable vacation pay comes from the Hours Management in the Taxable VacPay field.

0

 

 

X

 

 

 

 

 

SALREG0

Hours paid at regular time + all types of bonuses at regular time for sector 0.

0

 

 

 

 

 

 

 

 

SALOVER0

Hours paid at time-and-a-half + all types of bonuses paid at time-and-a-half for sector 0.

0

 

 

 

 

 

 

 

 

SALDOUBLE0

Hours paid at double time + all types of bonuses paid at double time for sector 0.

0

 

 

 

 

 

 

 

 

SALREGRAT

Worked Hours time * regular hourly rate.

NOTE : Does not include premium and bonus, only worked hours.

All

 

 

 

 

 

 

 

 

SALREGRAT0

Worked Hours time * regular hourly rate for sector 0.

NOTE : Does not include premium and bonus, only worked hours.

0

 

 

 

 

 

 

 

 

HRPAYE0 or HRPAID0

Paid hours (regular, half, double) + all types of bonuses for which the Committee Calculation in Hours box is checked for sector 0.

NOTES: Income bonuses are calculated based on regular time.

Paid vacation days are not included in this variable.

0

 

 

 

 

 

 

 

 

HRTRAV0 or HRWORKED0

Paid hours (regular, half, double) + all types of bonuses for which the Committee Calculation in Hours box is checked for sector 0.

NOTES: Income bonuses are calculated based on regular time.

Paid vacation days are not included.

0

 

 

 

 

 

 

 

 

SALTOTEMP

Paid hours (regular, half, double) + all types of bonuses for sector 0 for which the Committee Calculation in Salary box is checked.

0

 

 

 

X

 

 

 

 

SALSYNDICAT

Paid hours (regular, half, double) + paid vacation + all types of bonuses for which the Affect the union calculations in salary box is checked.

Based on Config.

 

 

 

 

X

 

 

 

VACIMP

Amount of taxable vacation paid comes from Hours Management.

NOTE: This amount can be entered manually in Hours Management, Taxable VacPay field or automatically if you use a bonuses type Vacation.

 

 

 

 

 

 

 

 

 

PRIME.premium code

Premium/bonus amount.

All

 

 

 

 

 

 

 

 

TAUXVAC

Vacation rate for sector 0.

0

 

 

 

 

 

 

 

 

TAUXVCONST

Vacation rate for sectors 1 to 5.

1 to 5

 

 

 

 

 

 

 

 

TH1

Default hourly rate.

All

 

 

 

 

 

 

 

 

SALHEURE

Paid hours (regular, half, double) + revenue premiums/bonuses.

All

 

 

 

 

 

 

 

 

SALHREEMP

Paid hours (regular, half, double) in sector 0 + revenue premiums/bonuses in sector 0.

0

 

 

 

 

 

 

 

 

SALFERIE

Number of hours for statutory holidays entered in Hours Management * employee's default hourly rate.

All

 

 

 

 

 

 

 

 

MAXASS

Paid hours (regular, half, double, and stat holiday) + paid vacation + all types of premiums/bonuses for which the Calculate Employment Insurance on Salary box is checked + employer part of the pension plan is set to type 2-RRSP.

 

 

 

 

 

 

 

 

X

MAXASSRED

Same content as MAXASS, but for values entered with sector 0 for an employee who's Use the Reduced Rate box is checked.

0

 

 

 

 

 

 

 

X

MAXCSST

Paid hours (regular, half, double, and stat holiday) + paid vacation + all premiums/bonuses for which the Affects W/C - CSST Ded. box is checked.

All

 

 

 

 

 

 

X

 

ADMRRQ

Paid hours (regular, half, double and stat holiday) + paid vacation + all premiums/bonuses for which the Affects CPP/QPP box is checked + the employer's part of the pension plan is types 2-RRSP and 4-group RRSP + taxable benefits.

All

 

 

 

 

 

X

 

 

TAUXFSS

Healthcare deduction rate.

All

 

 

 

 

 

 

 

 

MNTFSS

SBPRO * TAUXFSS

 

 

 

 

 

 

 

 

 

TAUXCSST

W/C - CSST rate entered in the work category.

 

 

 

 

 

 

 

X

 

SALHRECONS

Paid hours (regular, half, double) + revenue premiums/bonuses for amounts entered for sectors 1 to 5.

1 to 5

 

 

 

 

 

 

 

 

SALTOTCONST

Paid hours (regular, half, double) + paid vacation + all premiums/bonuses for which the Affects Committee Calculations for Earnings box is checked for values entered for sectors 1 to 5.

1 to 5

 

 

 

X

 

 

 

 

MNTVACCONST

TAUXVCONST / 100 * SALTOTCONST

 

 

 

 

 

 

 

 

 

 

Last modification: September 24, 2026