How to Create a New Contribution Payment Period

To create a contribution payment period, follow the procedure below.

1.	Go to Portal > Pay > Maintenance > Employee Benefits > Contribution Payment Periods. The Contribution Payment Period Maintenance screen opens.
2.	Click The Contribution Payment Period Entry screen opens.	.
3.	In the Name field, key in a unique name for the contribution payment period.
4.	In the Description field, key in a description of the contribution payment period.
5.	In the Contribution Frequency field, select one of the following: select Calendar Month if each contribution period is to correspond to a calendar month select Monthly if each contribution period is to correspond to a period of a month, split across calendar months select Quarterly if each contribution period is to correspond to a three month period select Every 2 Months if each contribution is to be correspond to a two month period.
6.	In the Payment Period Details table, click The Create Payment Periods screen opens.		.
7.	Next to the Start Date field, click and use the calendar control to select the date on which the first contribution period in the cycle will begin. Note that if the contribution frequency is Calendar Month or Quarterly, the start date must be the first day of a calendar month.
8.	Next to the End Date field, click and use the calendar control to select the date on which the contribution period cycle is to end. Note that each contribution period in the cycle must be a complete period. Therefore, if you select a date that would result in an incomplete period, the system automatically defaults the end date to the nearest valid date.
9.	Click Create Payment Periods . The *Create* *Payment* *Periods* screen closes and a cycle payment periods is created and listed within the Payment Period Details table.
10.	Next to the Payment Cut Off Date column for each payment period, click and use the calendar control to select the latest date on which accrued benefits for the corresponding period can be paid to the benefit scheme administrator.
11.	Click The Contribution Payment Period screen closes and the record is saved.	.