PQP_PCSPS_ALPHA_EMPLOYER_CONTRIBUTION_RATES UDT Has Incorrect Values (Doc ID 1990768.1)

Last updated on JUNE 07, 2017

Applies to:

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

Symptoms

On : 12.1.3 version, UK Payroll

PQP_PCSPS_ALPHA_EMPLOYER_CONTRIBUTION_RATES UDT has incorrect values

The Oracle-provided UDT for PCSPS Employer Contributions holds incorrect values.


MyCSP have released Employer Pension Notice 420 (Revised Salary Bands for Accruing Superannuation Liability Charges (ASLCs) from 1 April 2015), on 04/02/2015, which states:

Revised Salary Band (£) ASLC rate from 1 April 2015
Band 1 22,000 and under 20.0%
Band 2 22,001 to 45,000 20.9%
Band 3 45,001 to 75,000 22.1%
Band 4 75,001 and over 24.5%

However Patch 19949608:R12.PQP.B PQP:TYE15: PCSPS : TIERED EMPLOYER CONTRIBUTION CHANGES has provided the following values on the UDT PQP_PCSPS_ALPHA_EMPLOYER_CONTRIBUTION_RATES:

Revised Salary Band (£) ASLC rate from 1 April 2015
Band 1 22,000 and under 20.0%
Band 2 22,001 to 44,500 20.9%
Band 3 44,501 to 74,500 22.1%
Band 4 74,501 and over 24.5%






Cause

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