GPSGP: CPF Incorrect For TW Less Than $750 And AW Limit Already Hit
(Doc ID 1945397.1)
Last updated on MAY 11, 2018
Applies to:PeopleSoft Enterprise HRMS Global Payroll Singapore - Version 9 to 9.2 [Release 9]
Information in this document applies to any platform.
The limit Ordinary Wage for 2013 of an employee is $60,000, so the Additional Wage Ceiling in 2014 is $25,000. In Jan 2014, the AW Ceiling is exceeded. In Feb 2014, there is an OW of $100 and an AW of $200, so the total wages is $300. However the Ordinary CPF is computed based on OW $100 instead of TW $300. Why?
The Ordinary CPF should be computed based on TW of $300. CPF computation for TW less than $750 should be based on TW and not OW.
It seems the system is excluding the AW from the TW when computing Ordinary CPF since the AW Ceiling has exceeded.
To view full details, sign in with your My Oracle Support account.
Don't have a My Oracle Support account? Click to get started!