Request to Change Calculation of Employer Match for Savings Plan That Begins Contributions at Threshold to Address .01 Rounding Differences
(Doc ID 1625501.1)
Last updated on MAY 17, 2022
Applies to:PeopleSoft Enterprise HCM Human Resources - Version 9.1 to 9.2 [Release 9]
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 earnings 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).
To view full details, sign in with your My Oracle Support account.
Don't have a My Oracle Support account? Click to get started!
In this Document