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MPF & ORSO
| With the help of IPL MPF Module, you can manage the MPF administration such as the MPF enrollments, changes and termination of employee members. It also helps to calculate the MPF Mandatory and Top Up Contributions plus Contribution Reports and Movement Reports for your employees with ease. With the "MPF/ORSO Salary" indicators in the Payment Code table, the system is capable of applying the correct type of Salary for MPF or ORSO contributions. | 
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MPF Vs ORSO Plans
Under this MPF system, we will provide solutions to Pension and Retirement Plans with different compositions, like:
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Contribution Effective Date Vs Contribution Payment Date Apart from the contribution calculation, the system is capable of meeting other statuary requirements, like the contribution deduction date (after 60 days of employment), employer's contribution effective date (from the 1st day of employment) as well as the employees' contribution effective date (from the 30th day of employment). The system is capable of accruing contributions during the Payroll Posting once for new joiner that has reached his/her 30th days of employment. And the accrued contributions will only be deducted from payroll after his/her 60th days of employment. |
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Maximum Vs Minimum MPF Relevant Income
By observing the Relevant Income Floor for Employee part MPF contribution, no deduction will be made from payroll if the employee's relevant income is fall short of $5,000.00, but the employer contribution will be calculated as usual. By observing the Relevant Income Ceiling, only a maximum of $20,000.00 Relevant Income will be taken for calculating the MPF contributions.
Maximum Contribution Amount
No matter how many autopay numbers you use for a given month, a maximum of $1,000.00 mandatory contributions will be deducted for employees and employer respectively.
MPF Reports
MPF Contribution Inquiry Screens and Reports are ready for browsing the contribution details in a second.
