Why SA_ER_ANNUITIES_PCT & SA_EE_ANNUITIES_PCT Global Values are not Matching The New Changes? (Doc ID 1918223.1)

Last updated on JANUARY 10, 2017

Applies to:

Oracle HRMS (Saudi Arabia) - Version 12.1.3 and later
Information in this document applies to any platform.

Goal

How to update the global values  SA_ER_ANNUITIES_PCT & SA_EE_ANNUITIES_PCT to match new changes of GOSI from 9% to 10% effective sep 2014?

There is a new requirement from Saudi Arabia Government.
Divided by 1% deducted from the employee GOSI salary reference and 1% paid by the employer.
This deduction have to be with deferent elements under GOSI umbrella including to below elements:
- Employee GOSI Annuities (Saudi Arabia legislation)
- Employer GOSI Annuities (Saudi Arabia legislation)
- Employer GOSI Hazards (Saudi Arabia legislation)

Solution

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