Our Core Payroll Solution
Salary Processing
NFC maintains over 150 different pay plans across three branches of Government. NFC’s stringent internal processes ensure pay is accurate for all employees. Our payroll system supports automatic Pay Calculation rules as defined by OPM, including determining the Pay Rate Determinate Code and Pay Tables. Additionally, the system also supports Agency-specific custom pay calculations. Pay calculations, pay rate determinant codes, and pay tables are built into our system to support both Federal Agencies and quasi-Federal Agencies. NFC will work with your Agencies to effectively implement your specific Agency’s regulations into our system ensuring accurate pay for employees.
Additionally, NFC systems are configured to handle all aspects of Title 5 processing. NFC’s system can also support HR and payroll processing services for Agencies not subject to Title 5. NFC’s customers include FDIC, Consumer Financial Protection Bureau, Capitol Police, Library of Congress, Transportation Security Administration, Office of the Comptroller of the Currency, Architect of the Capitol, and Smithsonian Institution to name just a few.
NFC can also support a model where our PPS could interface with another provider’s HR and/or T&A solution and currently, NFC has numerous customers using this model. NFC remains vendor agnostic and can integrate with any noncore point solution a customer desires.
Here at NFC we are dedicated to working with our customers to create the solution suite that best meets their needs in a cost-effective and efficient manner.
Allowances
NFC offers the ability to process and disburse overseas allowances as permitted by the Department of State Standardized Regulations (DSSR). NFC processes both Separate Maintenance Allowances and Post Differentials. We can work with your Agency to address any required foreign allowances.
Benefits
NFC provides for processing employee's benefits for retirement or termination such as retirement funds, insurance, and leave. We offer a Web-based employee self-service capability for benefits enrollment via our Employee Personal Page (EPP) during open enrollment season. Benefit enrollments requests are submitted directly to the NFC payroll system. Additionally, all benefits and dependent information is stored in our EmpowHR product and can be accessed by your Agency.
Taxes
Mandatory and Voluntary Deductions
- Retirement
- OASDI (Social Security Tax)
- HITS (Hospital Insurance Tax)
- Federal Tax
- Health Benefits Deductions (basic)
- Federal Employee Life Insurance (FEGLI) (basic)
- State Tax
- City Tax
- County Tax
- Meals
- Quarters
- Commissary
- Imprest Fund
- Occupational Privilege Tax
- Tax Levy
- Receipt Accounts
- Child Support and Alimony (Court Costs)
- Child Support and Alimony (Deductions)
- Child Support and Alimony (Arrears)
- Bankruptcy
- Commercial Garnishment
- Demand Letter Flexfund (Healthcare)
- Travel Separation
- Flexfund (Healthcare)
- Health Benefits (Vision)
- Health Benefits (Dental)
- Health Savings Account (HSA)
- Life Insurance Option A
- Life Insurance Option B
- Life Insurance Option C
- Long Term Care
- Flexfund (Dependent Care)
- Long Term Disability (FDIC)
- Extra Federal Income Tax
- Extra State Tax
- Extra City Tax
- Extra County Tax
- TSP (Financial Allotment)
- TSP Deductions
- TSP Deductions (Catch-up)
- Military Service Deposits
- Association Dues
- Union Dues
- Charitable Contributions
- Receipt Account (Separated Employees or Less Than $10)
- Discretionary Allotments
- Financial Allotments
- TSP (Collections)
Allotments
NFC offers Direct Deposit/Electronic Funds Transfer (DD/EFT) for salary deposits and voluntary allotment deposits into an employee’s checking or savings account. The DD/EFT system transfers payments electronically from Treasury, through the Federal Reserve System, to the payee. NFC can also process discretionary allotment payments electronically in accordance with the Debt Collection Improvement Act of 1996. Allotments are recurring deductions from the employee’s salary for voluntary payments to a financial organization. Our systems allow for several types of allotments including:
- Discretionary Allotments
- Financial Allotments
- TSP Loan Allotments
- Health Savings Account Allotments
Employees control every aspect of allotments, from defining the financial organization to the allotment amount. They simply submit a new direct deposit sign-up form or manage their allotments online through their Employee Personal Page (EPP).