Request to Change Calculation of Employer Match for Savings Plan That Begns Contributions at Threshold to Address .01 Rounding Differences
Last updated on DECEMBER 13, 2017
Applies to:PeopleSoft Enterprise HCM Human Resources - Version 9.1 and later
Information in this document applies to any platform.
The employer match on a Savings Plan that does not begin contributions until an earnings threshold is reached rounds incorrectly on that check, that is, the one in with the threshold is reached. The match is always rounding up.
1. Enroll an employee in the plan that begins contributions once a threshold is reached (Navigation: Workforce Administration > Job Information > Job Data).
2. Add an earning to the paysheet for the pay period to make the employee’s cross the threshold amount in the current paycheck (Navigation: Payroll for North America > Payroll Processing USA > Update Paysheets > By Payline).
3. Calculate the payroll (Navigation: Payroll for North America > Payroll Processing USA > Produce Payroll > Calculate Pay).
Sign In with your My Oracle Support account
Don't have a My Oracle Support account? Click to get started
Million Knowledge Articles and hundreds of Community platforms