Oracle Fusion Benefits: Maintain Maximum Annual Rate ( Self Service)
(Doc ID 2239990.1)
Last updated on JANUARY 14, 2020
Applies to:Oracle Fusion Benefits - Version 126.96.36.199.0 and later
Information in this document applies to any platform.
Maintain Annual Maximum contribution for the 457 plan ( Saving plans ) , the employee is allowed to contribute as much as they want as long as they don't exceed the maximum
Test Case :
Maximum Contributions of 457 per year is 18000
It is a semi-monthly period
The employee want to contribute 1000 per pay period ( to complete the 18000 in 9 months)
The Participants enter 1000 during enrollment ( The client wants the unit to be amount and not percentage)
The annual rate = 1000*24 = 24000
The expected results are :
Expected results = 18 000 ( As it is the maximum )
From a calculation prospective , I did pass the maximum 18000 in the "Override IRS Limit" Input Value
Is it possible to limit the annual rate to a maximum of 18 000 ?
Please check the attached file for more details
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