What is Retropay?

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abeny

  • Dec 10th, 2007
 

is a process that recaculates the amount to pay an employess in the current period to account for retrospective changes that occurred in previous payroll periods.

chintamani

  • Jun 1st, 2008
 

Retro Pay means arrears amt will be paid in along with current salary.

Eg.Salary is revised WEF 1st April 08 & payroll input received in May 08. In May payroll April salary would be paid as arrears. This is retro salary 

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