Age 50+ Extended 402(g) Contribution Limit Not Effective for Employees in 403(b) Plan
(Doc ID 2977918.1)
Last updated on OCTOBER 02, 2023
Applies to:PeopleSoft Enterprise HCM Human Resources - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.
Employees 50 and over are not currently being allowed to contribute to the 403(b) plan up to the age 50+ extended 402(g) contribution limit.
Steps to reproduce the issue:
1. Payroll is calculated for employee contributing to 403(b) Plan (Navigation: Payroll for North America > Payroll Processing USA > Produce Payroll > Calculate Payroll).
2. Review the employee's paycheck to see that the employee's contributions stopped at the regular Limit (Navigation: Payroll for North America > Payroll Processing USA > Produce Payroll > Review Paycheck).
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