SAP ABAP Data Element PUS_BEN_ELECT (Benefit catch-up election)
Hierarchy
SAP_HRCUS (Software Component) Sub component SAP_HRCUS of SAP_HR
   PY-US-GR-BI (Application Component) Benefit Integration
     PC10_BEN (Package) Benefits Payroll Integration USA
Basic Data
Data Element PUS_BEN_ELECT
Short Description Benefit catch-up election  
Data Type
Category of Dictionary Type D   Domain
Type of Object Referenced     No Information
Domain / Name of Reference Type PUS_BEN_ELECT    
Data Type CHAR   Character String 
Length 1    
Decimal Places 0    
Output Length 1    
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 Catch-up 
Medium 15 Catch-up elec. 
Long 20 Catch-up election 
Heading Catch-up 
Documentation

Definition

In this field you select the relevant "Catch-up Code" for the employee as defined in Sections 415(c)(4)(A through C) of the Internal Revenue Code.

The possible values are blank, A, B, or C:
1. Blank means no catch-up election is selected.
2. catch-up election A : changes the 415 limit to include the MEA applicable but taking into account only the employee's last 10 years of service.
3. catch-up election B : changes the 415 limit to be the least of:
a. 25% of participant's includible compensation
b. the MEA itself
c. $15,000.00
4. catch-up election C : ignore the MEA completely, use only 402(g), 415C limits.

History
Last changed by/on SAP  20010607 
SAP Release Created in