GPSGP: CPF Incorrect For TW Less Than $750 And AW Limit Already Hit
Last updated on SEPTEMBER 07, 2016
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.
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