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OHAKR_SI320 - Check Premium Rates for Other Social Insurances

In this step, you can check the premium rates for national pension (NP), employment insurance (EI), and workers' compensation insurance (WCI). Each rate represents the percentage of NP, EI, and WCI that must be applicable to both the employer and the employee. The system uses these to calculate the premium amounts of employees during the payroll run.

The standard system contains the current regulation.

The standard entries should be maintained only when the regulation changes. In any other cases, we recommend you not to change the standard configuration, since inaccurate settings may cause malfunction in Payroll Accounting and legal reports.