Step 01: To configure a fund type for an employee, go to the “Employees” under the "Employee" module.
Step 02: Click the particular “Employee Name” and go to the “Salary Info” tab, then go to “(F) FUNDS INFORMATION”.
Step 03: Then, select the Race of the employee, the system will automatically assign an employee to a particular fund based on the Race.
For Example: If an employee is under Indian Race and wishes to contribute to the MBMF fund, change the race to Malay.Chinese = CDAC
Eurasian = ECF
Indian = SINDA
Malay = MBMF
The race relationship to the fund is just to facilitate the assignment, the race information is not sent to the CPF board.
Product Version: SMEPayrollTM Version 11