Hierarchy
SAP_HRCHK (Software Component) Sub component SAP_HRCHK of SAP_HR⤷
PA-PA-HK (Application Component) Hong Kong⤷
PB27 (Package) HR-HK: Master data
Basic Data
| Data Element | PHK_EREPC |
| Short Description | ER Contribution Rate of Relevant Income in Excess of Maximum |
Data Type
| Category of Dictionary Type | D | Domain |
| Type of Object Referenced | No Information | |
| Domain / Name of Reference Type | DEC3_2 | |
| Data Type | DEC | Counter or amount field with comma and sign |
| Length | 5 | |
| Decimal Places | 2 | |
| Output Length | 6 | |
| Value Table |
Further Characteristics
| Search Help: Name | ||
| Search Help: Parameters | ||
| Parameter ID | ||
| Default Component name | ||
| Change document | ||
| No Input History | ||
| Basic direction is set to LTR | ||
| No BIDI Filtering |
Field Label
| Length | Field Label | |
| Short | 10 | ER xs. % |
| Medium | 15 | ER excess rate% |
| Long | 22 | Employer excess rate % |
| Heading | 6 | ER % |
Documentation
Definition
A percentage of the employee's monthly relevant income in excess of the maximum, which the employer opts to contribute to MPF as an addition to mandatory contribution.
This amount is summed up with Employer contribution of relevant income below the maximum and Additional amount the employer contributes to get the employer's total voluntary contribution to MPF.
Examples
For example, Employee A's monthly relevant income is $35000, and his employer chooses to contribute 5% for the relevant income below the maximum, 3% of relevant incme above the maximum, plus $500 as a fixed amount per payroll period. The employer's total voluntary contribution for the employee is calculated as:
(35000 - 20000) * 3% + 20000 * 5% + 500 = 1950
Note
You can define the calculation base of this percentage in Calculation plan attributes view V_T7HK2B.
History
| Last changed by/on | SAP | 20031111 |
| SAP Release Created in |
