Compensation Statement

Payroll

1. Last Paycheck

Your online Compensation Statement includes the type and description of each employer-paid tax, benefit plan, and employer-paid deduction.

The cost of each item lists the Employer Cost and "Your Cost," the cost that you pay for that item, if any.

Under the statement, the total cost of employer-paid deductions and employer-paid taxes are listed as total employer cost. Next, your annual salary is listed.

The last line shows your adjusted compensation. Your adjusted compensation is the amount of your annual salary plus your employer's contributions to your benefits.

NAVIGATION: My Payroll> Compensation (typical navigation sequence)

$image\benefits_statement_01.gif$

Example of Compensation Statement

Type. The Type is "Employer Tax" for an employer-paid tax, "Benefit Plan" for a benefit plan, "Employer Deduction $" for an employer-paid deduction calculated as a dollar amount, and "Employer Deduction %" for an employer-paid deduction calculated as a percentage.
Description. The description identifies each employer-paid tax, benefit plan, and employer-paid deduction.
Employer Cost. The employer cost is what your employer pays.
Your Cost. "Your Cost" is the cost that you pay for that item, if any.
Total Employer Cost. Under the statement, the total cost of employer-paid deductions and employer-paid taxes are listed as total employer cost.
Your Annual Salary. Your estimated annual salary displays.
Your Adjusted Compensation. Your adjusted compensation is your estimated annual salary plus your employer's contributions to your benefits and payment of employment taxes.