Compensation/Payroll > Pension

Pension

Pension module provides the mechanism to calculate the Pension contribution and pension provisions. It provides a complete mechanism to calculate the pension contribution while employee is on job and once an employee is retired, it caters to the post retirement pension payment process to an employee and his dependents.

A complete Cash or bank payment mechanism is provided with detail of claimed or unclaimed pensions. Pension statement, banks advise/cash register and pension register are some of the key reports.