How Can a Canadian Pension Plan Calculation Using a Slide Rate Be Configured Based upon a Percent of Full-Time Equivalent (FTE)?
(Doc ID 2725855.1)
Last updated on DECEMBER 20, 2022
Applies to:
PeopleSoft Enterprise HCM Human Resources - Version 9.2 to 9.2 [Release 9]Information in this document applies to any platform.
Goal
How can a Canadian Pension Plan be set up in Base Benefits that calculates the pension amount based on the following formula:
(9.2% of Nominal Salary up to YMPE + 11.5% of Nominal over YMPE up to a maximum of 173,200) x actual % of FTE
where Nominal Salary is Pensionable Earnings based on 100% Full-Time Equivalent (FTE).
Solution
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In this Document
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