Pension Employee Deduction Is Happening Based On Monthly Banding Instate Of Yearly Banding.
(Doc ID 2435028.1)
Last updated on AUGUST 16, 2018
Applies to:Oracle Fusion Global Payroll Cloud Service - Version 188.8.131.52.0 and later
Information in this document applies to any platform.
The customer is stating the issue is application is annualizing any overtime hours paid and increasing Pensionable Earnings rate from 5.9% to 9.9%. This is causing this to be over deducted from employees paycheck
Customer is stating that the Pensionable Earnings rate remain constant rate of 5.9% no matter how many overtime hours are listed in a single payroll and to remain at 5.9% no matter how many assignments are on employee profile
The issue can be reproduced at will with the following steps:
Navigation to Produce the issue :
Payroll -> Report and Tax calculation -> Submit Payroll Flow-> Pension
Automatic Enrolment Assessment Process
Parameter Details :
Payroll Period : 1 2017 Calendar Month
Run Type : Regular
Correspondent Date :06/04/2017
Payroll -> Payroll Calculation -> Manage Calculation card-> Pension
Payroll -> Check List Run the Payroll.
LGPS deduction get calculated based on the 5.8 %
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