Change Retirement Savings – Contribution change, start or stop

Tags Training

OVERVIEW:

This job aid demonstrates how to view your Payslips information.

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NOTE: The visibility of sensitive information is controlled by individual users’ security profiles. Therefore, you may not have access to (all) the information within this Job Aid.

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Keep in Mind: This job aid navigates how to change your contributions on your 457 or IRA.

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Note: The security profiles of individual users determine the visibility of sensitive information. Consequently, you may not have access to all the information in this Job Aid. Furthermore, some changes may require approval from an HR Partner or another department to complete the process.

  1. Log in to your Workday account.

The Global Navigation Sidebar is located on the left side of the Home page and remains pinned as you navigate through Workday. It features categorized navigation, allowing you to hover over each category to preview its items.  If your view looks different, you may be using the alternative navigation setting. Both views contain the same menu options, but they may appear in slightly different layouts

The Search Box, located in the center of the Home page, allows you to quickly find people, tasks, reports, and business data you need to access.

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STEPS:

2. In the Search (upper left) window type chan ben. Match results appear as you type. Select Change Benefits from the list.

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Or

From the Personal on the Global Navigation Bar, click the Benefits and Pay icon.

3. When the Benefits and Pay menu opens, in the Change Benefit.

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4. Click the appropriate Change Reason and provide the Benefit Event Date (when/will the life event occur). Use the drag-and-drop functionality to add the file in the Attachments box or click Select Files to choose a file location then click Submit.

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Keep in Mind: The benefit elections that can be updated depending on the benefit event type selected.  For this job aid, we are using the Retirement Savings Change benefit event type.

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5. Click Open.

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Click Let’s Get Started

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7. Click Manage on the benefit you wish to change the beneficiary.

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8. Click Waive or Select. Then Confirm and Continue.

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9. Enter the contribution amount in the box. Click Save.

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10. You will get a prompt. Once done with the changes, click Review and Sign.

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11. Before clicking Submit, review your Beneficiary Designations then scroll down to read/acknowledge the Legal Notice.

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