Accumulated Absence Buyout: Not Special Payment Plan

For districts that do NOT participate in a Special Payment Plan, FICA, MEDI and State Income Tax are withheld. 

• The Social Security, Medicare and state Income Tax are all withheld.  The balance is placed into the employees TSA.
• The employee must have FICA, MEDI, NJ or PA State income tax and a TSA deduction that are all enabled.  All other deductions, if present, are ignored
• The State tax deduction will follow any settings on the employee's Payroll Summary Screen.
• If the employee has no earnings during the Current (payment year) then only State (NJ or PA) income tax and the elected TSA are deducted. There is no Net.
• THIS MUST BE PROCESSED AS A SEPARATE PAYROLL.  IT CANNOT BE COMBINED IN A REGULAR PAYROLL

Getting Started

The special payroll option for Absence buyouts is a district option.  You are not permitted to use both options.    This must be configured in the payroll setup screen prior to use. Contact your account representative if you do not know which option your district uses.

How is a Accumulated Absence Buyout created in SchoolFi?

Accumulated Absence buyout is created on the Payroll→Setup→Other Earnings screen.

Click Add Other Earning to create the buyout earning code:

Accumulated Absence buyouts are assigned to staff members on the staff member's Personnel→Staff →Payroll→Other Earnings screen.

Only TSA's that are listed in the employees deductions are shown, if there is more than one, you can select which to use from the drop-down.

The entry is listed on the Payroll Casual Entry Summary report

Note that FICA/MEDI and State Income Tax are withheld, the balance goes into the TSA

There is no check produced or Direct deposit as the Net is 0.  A paystub will be placed in to the employees portal.