Age-Related Expansion Amount for 415(c) for 403(B) Plans Not Working
(Doc ID 3011499.1)
Last updated on SEPTEMBER 20, 2024
Applies to:
PeopleSoft Enterprise HCM Human Resources - Version 9.2 to 9.2 [Release 9]Information in this document applies to any platform.
Symptoms
After applying patch 35345717 - HR BEN SAVINGS MGMT - FLEXIBLE AGE LIMIT AND 415 AGE CATCH UP LIMIT ENHANCEMENT, the 415(c) Limit for 403(b) plans is still not being extended when the employee has a Savings Management record for that extension. Deductions are still stopping at the unextended Maximum Yearly Deduction set on the Limit Table
Steps to reproduce the issue:
1. Run a payroll calculation for an employee whose deductions are near the Maximum Yearly Deduction set on the 415(c) Limit for 403(b) plans who has a Savings Management record extending that Limit
(Navigation: Payroll for North America > Payroll Processing USA > Produce Payroll > Calculate Payroll).
2. Review the calculated paycheck to see that deductions are stopping at the unextended Maximum Yearly Deduction (Navigation: Payroll for North America > Payroll Processing USA > Produce Payroll > Review Paycheck).
Changes
Cause
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In this Document
| Symptoms |
| Changes |
| Cause |
| Solution |
| References |