UK Payroll-Functionality Of Opt-out Date In Pension Auto-Enrolment Program
Last updated on MARCH 28, 2017
Applies to:Oracle HRMS (UK) - Version 12.1.3 and later
Information in this document applies to any platform.
How the following scenarios on Pension Auto-Enrolment process to be handled?
Scenario 1- Employee got enrolled in the scheme on 01-Jan-2016, and choose to Opt-out on 30-Jun-2016. So, in Pension Information element - Date - 01-Jan-2016 and Opt-out date 30-Jun-2016.
Now, if the Payroll is run for the month of Jul-2016, it will process the Contribution elements of the Pension scheme and there will just be a message in Payroll Messages that the employee has already Opted-Out.
So putting the Opt-out date just give the message ? The contribution entries will have to be end-dated manually?
Scenario 2- Employee got enrolled in the scheme on 01-Jan-2016. The payroll is already run till July-2016 and then employee chooses to Opt-out on 30-Jun-2016.
How can this back-dated payment be adjusted ?
Sign In with your My Oracle Support account
Don't have a My Oracle Support account? Click to get started
My Oracle Support provides customers with access to over a
Million Knowledge Articles and hundreds of Community platforms