How To Create Standard Rates To Support Catchup 401K Element with the Same Contribution Amount
Last updated on JULY 18, 2016
Applies to:Oracle Advanced Benefits - Version 220.127.116.11 to 12.1 HRMS RUP5 [Release 11.5.10 to 12.1]
Information in this document applies to any platform.
Employees need to be able to enroll in the 401k plan using Employee Self Service. The 401k plan is part of the Active Benefits Program so a started life event is required to enroll or make changes to contributions. For employees who are eligible for the CatchUp contributions, the CatchUp element should be updated with the same rate as the 401k contributions.
How can this be done?
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