DEDUCTION TYPE FILE: EXCLUDE FROM BENEFIT STATEMENT

A new field has been added to the Deduction Type file (PAYDTYP) for Exclude from Benefit Statement. If you’re planning to use the new Total Compensation Statement (see separate announcement), you should turn on (check) this flag for any deduction types (that are applicable to employer-paid deductions) that you do not wish to be included in the statement. Please note that the INS>50K deduction type is automatically excluded from the Total Compensation Statement (as it is imputed income for tax purposes).