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National Payroll Institute PF1 Exam Syllabus Topics:
Section
Weight
Objectives
Topic 1: Termination and Special Payments
30%
- Termination payments
1. Wages in lieu of notice, severance pay
2. Retiring allowances, death benefits
- Leaves and absences
1. Vacation pay, statutory holidays
2. Sick leave, maternity/parental leave payments
Topic 2: Record of Employment (ROE)
20%
- Submission and deadlines
1. Electronic vs paper filing
- ROE completion requirements
1. Insurable/pensionable earnings reporting
2. Block-by-block reporting rules
Topic 3: Communication and Compliance
10%
- Stakeholder communication
1. Employee, government, third-party requirements
- Accuracy and documentation
1. Record keeping and audit trails
Topic 4: Individual Pay Calculations
40%
- Non-regular earnings
1. Overtime, bonuses, retroactive pay
2. Allowances, taxable benefits
- Regular earnings
1. Pay period types and frequency
2. Hourly, salary, commission calculations
National Payroll Institute Payroll Fundamentals 1Exam Sample Questions:
Phan was employed fromMarch 1, 1992throughJanuary 10, 2007. He was not a member of the organization' s pension plan. Calculate the number of years eligible for the$1,500.00portion of a retiring allowance.
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Which pension plan requires the services of an actuary to study and forecast future needs of the plan to ensure the plan remains sufficiently funded to provide employees with their retirement benefits?
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