Enables you to view a history of the member’s planned contributions to the AVC scheme. Contributions made can be expressed as a monetary value or as a percentage of salary.

An important background relationship exists between the AVC scheme and pay elements. When an AVC is set up in Maintain AVC Scheme, a pay element is defined against it. This pay element is also linked to the member who is making the AVC contributions from their salary payments. As AVC contributions are deducted, they are recorded as contributions to the AVC scheme.

Where Pensions is run as part of the integrated Human Resources system, the information shown in the AVC Contribution History window is automatically brought in from Payroll.

Where Pensions is run as a stand-alone system, the contribution details are recorded manually through the Fixed Pay Element Views function.

Note: AVC Contribution History displays planned AVC contributions. This means these are the contributions that are intended to be made via the Payroll system. To view the contributions actually deducted, use the Fund History field.

General

Post Number

The post to which the contributions relate.

Start, End Date

The dates contributions were set up to start and finish. An end date is automatically provided when a new contribution rate is set up. The end date provided is the day before the new contribution rate starts.

If a start and end date on the same day are specified in Pay Element Views, the system identifies it as a single contribution. In these circumstances, the letter Y is displayed in the column Single.

Amount

The AVC contributions can either be set up as a monetary amount or as a percentage of salary. If they are expressed as a monetary amount, the value of the deductions planned for each period is shown in this column.

% Age

If the AVC contributions are set up as a percentage of salary, the percentage value is displayed in this field.

Single

AVC contributions can be made either on a regular cycle (for example weekly or monthly), or as a one-off payment. A one-off payment is recognised by the system because the start and end date for contributions is recorded as the same date in Pay Element Views.

Y is shown in this column if a contribution is a single payment.

Status

The authorisation status for the AVC contribution.

Each pay element has to be authorised by a valid user group and then accepted by another group for processing. For example, the contribution may be authorised by the HR Department and then accepted for action by the Payroll Department.

The possible authorisation status codes are:

Note: The authorisation status ‘Delete’ is applied after a contribution has ended.

MD612G4