Field Description - Ret-ME Dependent Insurance Withholding Amount

The Ret-ME Dependent Insurance Withholding Amount is the dollar amount for dependent MainePERS (Maine  Retirement) Group Life Insurance withheld from the employee's pay.  Check Entry automatically calculates the amount in the Standard Deductions Area, or you can enter it manually.

Tips:

• Check Entry calculates the Dependent Insurance Withholding Amount for any employee with an MSR Life Insurance Code that begins with H or F.

• This amount defaults to the amount stored in the Ret-ME Dependent Ins Amt Per Pd for Ded field in the retirement table that is associated with the Retirement Code for the employee.

• This withholding amount applies to employees who share the same number of Expected Pay Pds Per Year.  For example, weekly employees use a different amount than biweekly employees.

• For more information, see the Understanding the Maine Public Employees Retirement System (MainePERS) topic.

Format:  3.2 numeric