Plan Type 48 Plans Are Not Recognized By The 415(c) Limit Table When The Limit Is Met.
(Doc ID 2435310.1)
Last updated on NOVEMBER 25, 2022
Applies to:PeopleSoft Enterprise HCM Human Resources - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.
When adding a new Plan Type 48 and attaching it to the 415(c) Limit Table, the Maximum Yearly Deduction of $54000 was not recognized when the limit was met during payroll calculation.
The issue can be reproduced at will with the following steps:
1. Setup Plan Type 40 and Plan Type 48 on the Savings Plan Table
2. Run Payroll calculation
3. Review pay check deductions
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