Deferred Compensation

DEFERRED COMPENSATION#

The following statements are taken from the ICMA Retirement Corporation's web site: "The International City/County Management Association created the ICMA Retirement Corporation (RC) as a separate, not-for-profit organization in 1972."

ICMA Setup #

To execute the required report the only set up required is a pay element and the Interface Format form (IDIF). The benefit plan may be set up with the standard benefit components documented in the Benefits Administration section (see the Pension Sample Plan).


Pay Element - IPPE #

One pay element must be created in order to execute the report: ICMA Element Pay element that contains the deduction pay components that qualify for ICMA


Interface Format - IDIF #

If not already defined in the Interface Formats Definition (IDIF)form, load the standard interface file format using the starter_idif_hl$icma.sql script.
Modify the standard ICMA file to bank requirements using the IDIF function. Rename the code from HL$ICMA to a user-defined code.
RecFieldStart PositionEnding PositionNameVariable NumberNotes
1 1 1 55 Company Name Enter in Constant
2 1 1 11 Filler
2 2 12 15 Plan ID Enter in Constant
3 1 1 4 Filler
3 2 5 14 Company PIN Enter in Constant
4 1 1 4 Filler
4 2 5 15 Total ContributionTotal ContributionICMA Element from UPICMA
4 3 16 30 Filler
4 4 31 41 Calculated AmountTotal ContributionICMA Element from UPICMA
5 1 1 9 Filler
5 2 10 15 Pay Issue DatePay Issue DatePay Header Issue Date
6 1 1 55 Employee NameEmployee NameIdentity Name
6 2 56 64 Employee SSNEmployee SSNIdentity Government ID
6 3 65 72 Filler
6 4 73 83 Employee ContributionEmployee ContributionICMA Element on UPICMA

Create ICMA Interface File #

These are the report parameters for the monthly-required report.

Report Parameters & Filters#

Report Parameters
EntityMandatory, LOV available
Limits the process to the entity specified.
PayrollMandatory, LOV available
Multiple payrolls may be selected per execution of this function.
ICMA ElementMandatory, LOV available
Pay element that contains the deduction pay components that qualify for ICMA
From Pay Issue DateOptional, Date, LOV available
The ‘Pay Issue' date range will be used to determine which pay components within the element to report on.
To Pay Issue DateOptional, Date, LOV available
The ‘Pay Issue' date range will be used to determine which pay components within the element to report on.
Payroll DateMandatory, Date, LOV available
The ‘Payroll Date' is the date printed in the file.
Interface CodeMandatory, LOV available
Only those reports of the format “TMRS Contributions” will display. Choose from the report formats created. The format “HL$TMRS2” has been provided as a sample, but should be copied, and the copy edited, by the client before running this report. The report definition selected will determine the format of the output file (if any), as well as the columnar content of the report.
Interface DirectoryMandatory, text
Must be a directory on the server for which the current user (as signed onto the client’s network) has write capability. For example the entry ‘C:\TEMP’ accesses the ‘TEMP’ directory on the server, not the local directory for the computer terminal being used.
File NameMandatory, text
Enter the name of the file that will be created in the interface directory specified.
Write or AppendMandatory, Write or Append lexicon available
If the file already exists should the current information overwrite it or append to it?
Output Header and Trailer File RecordsMandatory, Yes or No lexicon available
If the file is to contain a header and trailer record then indicate <Yes>.
ExceptionMandatory, Exception Level lexicon available
This field defines the exception level (report messages) required.

Report Filters
Pay Run NumberOptional, LOV available
This field limits the process to the pay run specified.