Last updated on DECEMBER 19, 2016
Applies to:PeopleSoft Enterprise HCM Payroll for North America - Version 9.2 and later
Information in this document applies to any platform.
The Savings Plan 457 Limit is not being enforced for One-Time Deduction Data Override for After Tax Deduction.
1. Enroll employee into a 457 limited savings plan
2. Run the Identify Age 50 process for 457 to insert a savings management row
3. Have employee's balance near the 457 limit amount plus extension amount
4. Enter an after tax one time deduction override for the 457 savings plan using Percent of Net Pay option which will have the employee exceed the 457 limit.
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