HR-XML 3.0 Standards, 2009 September 23.
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Element: PayrollDeferral
| Name | PayrollDeferral |
|---|---|
| Type | PayrollDeferralType |
| Documentation (of type) |
Dictionary Entry Name: Payroll_ Deferral. Details Definition: Contains information about amounts employee's elect to contribute to a savings plan or similar retirement account. A deferral is an amount that an employee could have accepted as current pay, but instead elected to defer for later receipt as a payment from a retirement plan or other tax-preferred account. Employees typically elect to make deferrals to reduce the amount of pay currently subject to taxation and to gain other tax benefits, such as the tax-free accrual of earnings on deferred amounts. |
XML Instance Representation
<PayrollDeferral
</PayrollDeferral>
Attribute group reference (not shown):
EffectiveDateAttributeGroup
> </PayrollDeferral>
Schema Component Representation