Previously, access to more than 2 years of payroll reporting history was available. I find that 2 years of history is not enough without having to restore backups when reconciling payroll records.
Specifically this is related to custom deductions. I have also noticed that employees with historical data in "deductions" more than 2 years old records were deleted. I am restoring an older version to confirm, however the fact remains that I have deduction values for inactive employees where their employee records have been deleted.