Posts

Showing posts with the label ADP

Understanding Dual Contributions: Korean National Pension vs. U.S. FICA

-
Image
Understanding Dual Contributions: Korean National Pension vs. U.S. FICA Navigating social security systems across borders can be confusing—especially for employees working between Korea and the U.S. A recurring question is: Can someone pay into both Korea’s National Pension and U.S. FICA (Social Security and Medicare taxes) at the same time—and what happens if they do? This post breaks down how the Korea–U.S. Totalization Agreement works, what “coverage” means, and the consequences of dual contributions. 1. The Totalization Agreement at a Glance 🇰🇷🇺🇸 Since 2001, the Korea–U.S. Totalization Agreement has coordinated social security coverage between the two countries. Its primary goal is to: Prevent double taxation of social security contributions on the same income during the same time period Protect future benefit rights for cross-border workers Key principles: At any given time, only one country’s social security system applies to your wages C...
Post a Comment
Read more

How to Set Up a PTO Plan in ADP RUN Payroll: A Step-by-Step Guide

-
  🛠️ How to Set Up a PTO Plan in ADP RUN Payroll: A Step-by-Step Guide Managing paid time off (PTO) is essential to keeping your team happy and compliant with labor policies. If you use ADP RUN , setting up a PTO plan is straightforward — but only if you know where to look. This guide walks you through every step, from setup to payroll integration. Let’s get started. 🛠️ Step 1: Access the PTO Settings Log in to your ADP RUN account. In the left-hand navigation menu, go to Settings . Scroll down and select “Paid Time Off” under the Time section. This is where you’ll manage your time-off policies, accrual rules, and employee assignments. ➕ Step 2: Create a New PTO Plan Click Add Plan . Choose your plan type: Vacation , Sick , Personal , or a Custom plan. Click Next and begin configuring the plan. Select which employees will be eligible for this plan. You can create multiple plans if different roles or employee classes require unique policies. ...
Post a Comment
Read more