Fusion Global Payroll (UK): Pensions Automatic Enrolment Implementation and Functional Considerations Correction
(Doc ID 2099296.1)
Last updated on JANUARY 22, 2016
Applies to:Oracle Fusion Global Payroll Cloud Service - Version 22.214.171.124.0 and later
Oracle Fusion Global Payroll - Version 126.96.36.199.0 and later
Information in this document applies to any platform.
White Paper: "Pensions Automatic Enrolment Implementation and Functional Considerations" dated May 2015 and have an issue with the following suggested fast formula update (see page 48):
Employee_Contribution = max(0, Earnings Sacrifice For Pension 1_RUN - round(Pensionable Earnings * Employee Pension Contribution % / 100,2))
This needs to be changed too:
employee_scheduled_contribution_amount = GREATEST(0,emp_pen_sal_sacrifice - ROUND(employee_pensionable_earnings * (employee_scheduled_contribution_percentage / 100),2))
NOTE : Alias setup for emp_pen_sal_sacrifice :-
ALIAS <element_name>_ASG_RUN AS emp_pen_sal_sacrifice
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