Full and Final settlement

[Former Member]

Hi Experts,

Can any one tellme how to handle "Full and Final settlement" of those employees who are

1) separated

2) separated with pension.

Regards,

Tomesh

[Former Member]

HI

Full and Final settlement works depends on the industires.

For eg, if ur company provides pension u have to create EG as Pensioner and the Emp status shld be withdrawn and IT0008 shld delimit, except IT0014/15 since to provide the pension. Here u have to create a new PY area for pensiones and the seperate grpng for wage type CAPs and PCR. Dont assign the seperation date in IT0003 (Run upto). shld be blank until the end of pension.

Above mentioned for seperation with pension,. for seperation no need to maintain the IT0014/15 and new payroll area.

Hope it clears u

[Former Member]

See change the status from Active to withdw

and run the action as separated, in where some of the wagetypes are de-limits.

like Bonus, pension will work but food, travel...allowance wil not work when u run the payroll.