Main Page → Payroll → Documentation → Pay Employees → Current Payroll Values



What This Screen Shows


  • Allows to set up payroll defaults for Bank Identification, Unemployment Threshold and, for organizations in Virginia, the VRS Common Date.
  • These fields are used for different purposes in the Payroll module.



Default Bank Identification


  • Type in the Bank Identification used for Payroll which will default in the Bank ID field on the Pay Master; for organizations processing payroll from more than one Bank Account (Bank ID), this default should be changed before starting each payroll.
  • This Bank ID will be attached to all jobs selected in the Pay Master.


Unemployment Threshold


  • Type in the Unemployment Threshold (limit) for the applicable state.
  • This amount is not used in the compute of the Unemployment deduction, so a calendar limit must be entered on the Deduction Description when an amount is being calculated during the payroll process.
  • The primary purpose of the threshold is for unemployment reports which calculate taxable and nontaxable wages.
  • Any amounts over the threshold are considered nontaxable.
  • This amount should be updated at the first of the calendar year, if the threshold changes.


VRS Common Date


  • Used in conjunction with employee and spouse VRS Optional Life Insurance premium calculation.
  • Enter date provided by the Life Insurance vendor that is used to calculate Optional Life Insurance premiums.
  • This date is used to determine the age of the employee or spouse, and refers to a table to calculate the premium amount in connection with the employee's Life Insurance Salary.
  • The age as of the VRS Common Date is used according to the date and time that the Compute Payroll is run
  • If the VRS Common date is blank, age will be computed as of the Pay Date on the Pay Master
  • If the employee's VRS OLIP deduction has an Application Date, the age is calculated at the time of payroll using that date
  • The VRS Common Date will only be used if the Deduction Description contains the expression to include VRS Common Date in the calculation (our standard setup includes this expression)
  • This date should be updated once a year.
  • When changing the common date, new life insurance salary amounts should be entered in the Job Master. For most organizations, a process can be run to set the amounts under: Maintenance → Set, Change or Clear → Life Insurance and Retirement Salary



Save Changes


  • Once all information is entered, click Save (Two disks).
  • For more information on the processes these fields affect, please see OpenRDA Answers for specific processes or contact an RDA representative for assistance.