Fusion Benefits: Is "Period-to-Date Limit" Feature Available in Fusion? (Doc ID 1632163.1)

Last updated on AUGUST 20, 2015

Applies to:

Oracle Fusion Benefits Cloud Service - Version 11.1.7.0.0 and later
Oracle Fusion Benefits - Version 11.1.7.0.0 and later
Information in this document applies to any platform.

Goal

Is "Period-to-Date Limit" feature available in Fusion

1)Create a 401K plan and attach it to Unrestricted Program.
2)Max Annual rate limit on the plan is 17500.
3)Employee can enter Per Pay Period Amount for 401K.
4)create an employee with Bi-Weekly Payroll.
5)As of 01-jan-2014,enroll into 401K plan with Per Pay period amount as 700.
6)By 25th pay period,contribution amount reaches max(700 * 25 = 17500).So,for 26th pay period,employee contribution should be Zero.

Can we implement this requirement in Fusion?

EBS has "period-to-date limit" feature to accomplish this.
Is there anything similar to this in Fusion Benefits?
 

Solution

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