Code*
Enter a code that best describes the Termination Pay Code group.
This window is used to setup Notice of Termination (NES) and Redundancy Pay tables.
Code*
Enter a code that best describes the Termination Pay Code group.
Description*
Enter a description of the Pay Code group.
Termination Type
Select from the drop-down the reason for the termination.
| Code | Description |
|---|---|
| R | Redundancy |
| T | Notice of Termination |
Months of Service Equates to 1 Year
Nominate how many months make up 1 year.
A/D Code
The Allow/Deduct Code used to calculate the Termination/Redundancy value.
Allow/Deduct codes with a Classification of I or C can be used.
Tax Free Portion
This field displays the tax free component attached to the A/D code selected, if there is.
Secondary A/D Code
The Allow/Deduct Code used to calculate the Redundancy taxable value.
Years of Service From and To
Enter the beginning and ending years of service.
Amount
Specify the unit for the corresponding From and To, Years of Service period.
Rate
Select from the drop-down the rate code used in the calculation of Redundancies and terminations.
Frequency
Select the payment frequency based on the amount.
Type
Select from the drop-down.
| Code | Description |
|---|---|
| F | Fixed - Used for the amount to reflect the line it is currently on. |
| P | Per Year - Used for amount to be paid per year. |
Please complete the form below to give us feedback. If you need any assistance with this functionality, please contact Preceda Support.
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Version 15.3.01 Preceda Knowledge Base
For feedback and comments, please contact your Systems Administrator or Account Manager. |
 Getting Started
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 About the Knowledge Base |
