How to use the Pension Boost feature
The Pension Boost feature ensures your pension contributions always meet the statutory minimum levels required under Guernsey law.
The Pension Boost feature ensures your pension contributions always meet the statutory minimum levels required under Guernsey law. When an employee’s contributions fall short, Pension Boost allows you to easily increase employee and employer contributions by topping up the pension amounts directly within the employee’s payslip.
Please note: To boost contributions, the pension pay elements must be set up as value-type pay elements and be marked as part of an approved pension within the pay element setup.
Ocerli will update the system to reflect any changes made to the statutory minimum requirements.
For detailed instructions, refer to our step-by-step guide below.