Maintain Rates and Bands for Unprotected Pension Schemes
Customizing Activity
PAY_GB_LGPS2
Maintain Rates and Bands for Unprotected Pension Schemes
Document
Document Class
SIMG
Hypertext: Object Class - Class to which a document belongs.
Document Name
PAY_GB_LGPS2
Use
In this IMG activiy, you maintain the bands and rates for unprotected pension schemes. System uses the value you maintain here for calculation of employee Pensionable Pay.
Requirements
Standard settings
Activities
Select New Entries.
Enter the Pension Scheme identifier in the Pension Scheme field.
Enter the Pension Scheme band in the Schm Band field.
Enter the validity period.
Enter the range within which the employee and employer contribution towards pension scheme should fall.
Enter the rate of employee's contribution towards the pension scheme in the EEs % field.
Enter the rate of employer's contribution towards the pension scheme in the ERs % field.