What does ER mean on payslip?

If you’ve got a workplace pension, you’ll probably see ‘ER pension’ on your payslip. That’s the money that your employer is contribution to your pension pot. Similarly, ‘EE pension’ on your payslip is the money that you’re contributing to your pension pot from your wages.

What are ER contributions?

An employer contribution is the amount an employer pays into a plan. These contributions help pay for employees’ healthcare costs, ranging from premiums to prescription drugs.

What is HSA ER on Paystub?

Generally, contributions made by an employer to the health savings account (HSA) of an eligible employee are excludable from an employee’s income and are not subject to federal income tax, Social Security or Medicare taxes. In addition, employer contributions are deductible as a business expense to the company.

What FICA ER?

FICA is an acronym for “Federal Insurance Contributions Act.” FICA tax is the money that is taken out of workers’ paychecks to pay older Americans their Social Security retirement and Medicare (Hospital Insurance) benefits. It is a mandatory payroll deduction.

What does EE and ER stand for?

(Eligible Employee):
EE (Eligible Employee): An employee who is eligible for insurance coverage based upon the stipulations of the group health insurance plan. EE Cost: Full premium cost for an Eligible Employee. ER Total: The portion of an employee’s health insurance premium paid for by the employer.

What does med ER mean on a pay stub?

Med ER – Medicare. This is the employer’s matched contribution for the Medicare health plan. Retire – This is the employer’s contribution to the SD Retirement System and is pre-taxed for the employee.

What does HL / LF-ER mean on a pay stub?

Indirect Compensation  Hl/Lf-ER – This is the employer’s premium of health and life insurance on behalf of the employee. No cost to the employee.  HSAR – This is the employer’s contribution to the Health Savings Account upon employee meeting criteria to receive it.

What does the earnings section on a pay stub show?

The earnings section shows your earnings from the pay period and includes overtime. It also shows pre-tax deductions for different employee benefits that you may receive, such as health insurance and retirement contributions.

Do you have to file a pay stub with your employer?

The Fair Standards Labor Act (FSLA) requires employers to keep records of how many hours an employee has worked and the amount of money they were paid. But, it does not require that employers share this information with its employees. However, in the absence of federal law, many states have statutes pertaining to pay statements.