Field Description - Ret-ME Basic Insurance Withholding Amount

The Ret-ME Basic Insurance Withholding Amount is the dollar amount for basic MainePERS (Maine Public Employees 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 Basic Insurance Withholding for any employee with any non-blank MSR Life Insurance Code.

• For information about how this is used in the calculations, see the Understanding the Maine Public Employees Retirement System (MainePERS) topic.

Format:  3.2 numeric