If the Identify Age 50 Extensions Process Is Run for Calendar Year, How Are New Hires Records Created? (Doc ID 2855637.1)

Last updated on MARCH 29, 2023

Applies to:

Goal

The process, Identify Age 50 Extensions, creates Savings Management records for employees age 50 and over as of the date specified when the process is run, generally the end of the year. Does the process need to be run throughout the calendar year to ensure that these records are also created for new hires and will it override the election of employees who have opted out of the extended contributions, that is, the Extension Election has been unchecked on their Savings Management record?

 

Solution

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