Savings plans - mandatory - non-critical - all countries but: JP,SE
Customizing Activity
BEN_00_T74FW
View V_T74FW
Document
Document Class
SIMG
Hypertext: Object Class - Class to which a document belongs.
Document Name
OHBEN1150
In this step you, enter the first half of the equation and the operator for the equation, as discussed in Combined contributions.
Activities
Decide which of your plans require combined contribution limits.
Reduce these combined contributions to mathematical equations, so that an amount is on the left and the plan contributions are on the right.
Select the plan you want to define the combined contribution for. This should be the plan for which the system checks for combined contribution limits, when the employee enrolls in it. This is therefore the plan that the employee enrolls in after the other plan(s) in the equation.
Select the "New entries" function.
Enter the limit four-character identifier and description.
From the left side of your equation, enter one of the following:
An amount
A factor of salary.
Enter the rounding rule and rounding divisor.
Enter the period for which this limit is valid.
Enter the wage type, if you have entered a factor.
The wage type might already be in use in the benefits set-up. If not it will need to be set up by the payroll administrator. In either case, please liase with your payroll administrator.
Enter the cut off day, if required.
Enter the operator (from your equation).
Enter the period that the combined contribution limit is valid for.
Save your entries.
Repeat the preceding steps for every limit for every plan.