Fusion Benefits Management: Set Up A Retirement Plan With A UOM Of Percentage; The Rate Entered Is Being Multiplied By 12 For 401K (Doc ID 1927315.1)

Last updated on MAY 06, 2015

Applies to:

Oracle Fusion Benefits - Version 11.1.8.0.0 and later
Oracle Fusion Benefits Cloud Service - Version 11.1.8.0.0 and later
Information in this document applies to any platform.

Goal

Set up a 401k retirement plan with a UOM of Percentage; the rate entered is being multiplied by 12 for an annual rate.

The percentage should remain constant over the year. A rate of 5% should not be multiplied by 12 and display an annual rate of 60%.

What could be causing this ?
 

Solution

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