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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 manual (see the Pension Sample Plan).

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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

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Interface Format - IDIF #

If not already defined in the Interface Formats Definition form (IDIF), 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.

Rec	Field	Start Position	Ending Position	Name	Variable Number	Notes
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 Contribution	Total Contribution	ICMA Element from UPICMA
4	3	16	30	Filler
4	4	31	41	Calculated Amount	Total Contribution	ICMA Element from UPICMA
5	1	1	9	Filler
5	2	10	15	Pay Issue Date	Pay Issue Date	Pay Header Issue Date
6	1	1	55	Employee Name	Employee Name	Identity Name
6	2	56	64	Employee SSN	Employee SSN	Identity Government ID
6	3	65	72	Filler
6	4	73	83	Employee Contribution	Employee Contribution	ICMA Element on UPICMA

UPICMA Update #

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