<xsd:complexType name="PayrollDeferralType">
<xsd:annotation>
<xsd:documentation source="http://www.hr-xml.org" xml:lang="en">
<ccts:DictionaryEntryName xmlns:ccts="urn:un:unece:uncefact:documentation:1.1">Payroll_ Deferral. Details</ccts:DictionaryEntryName>
<ccts:DefinitionText xmlns:ccts="urn:un:unece:uncefact:documentation:1.1">Contains information about amounts employee's elect to contribute to a savings plan or similar retirement account. A deferral is an amount that an employee could have accepted as current pay, but instead elected to defer for later receipt as a payment from a retirement plan or other tax-preferred account. Employees typically elect to make deferrals to reduce the amount of pay currently subject to taxation and to gain other tax benefits, such as the tax-free accrual of earnings on deferred amounts.
</ccts:DefinitionText>
<ccts:DefinitionUsage xmlns:ccts="urn:un:unece:uncefact:documentation:1.1">Two broad categories of deferrals are recognized - "Regular" and "Catch up". Within these categories deferrals can be further classified using DeferralTypeCode.</ccts:DefinitionUsage>
</xsd:documentation>
</xsd:annotation>
<xsd:sequence>
<xsd:element ref="RegularDeferral" minOccurs="0" maxOccurs="unbounded" />
<xsd:element ref="CatchupDeferral" minOccurs="0" maxOccurs="unbounded" />
</xsd:sequence>
<xsd:attributeGroup ref="EffectiveDateAttributeGroup" />
</xsd:complexType>
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