Introducing Initial Payroll Collection Feature
We’re introducing initial payroll collection, a new feature designed to enhance the digital enrolment experience for plan members.
With this feature, plan members can now provide their initial payroll contribution instructions directly during the enrolment process. This will help simplify onboarding and make it easier for you to begin payroll deductions promptly and for plan members to start saving toward their retirement and broader financial goals sooner.
What does this mean for you?
As of August 1, the online enrolment report will include a new column indicating how much your new enrollee wishes to contribute to the plan. You can use this information to start payroll deductions and calculate any matching contributions (where applicable).
For any future payroll changes, plan members will continue to work with you directly.
Questions? We’re here to help.
Contact your Sun Life Group Retirement Services Representative.