on 04-29-2013 4:48 PM
Hi All,
I have created a plan for Savings plan based on seniority parameter group.
I have 0- 7 years(5% Contribution) and 7+ years(6% Contribution) seniority parameter group for the Savings plan.
So once an employee is enrolled in for 5% contribution and once he completes 7 years of service,whether contribution % changes automatically to 6%.
or Whether we need to re-enroll them and should give 6% contribution manually???
Thanks & Regards
Hi, It would be done automatically, however you may test by changing the employee hire date back and forth and looking at the calculation amounts in the payroll RT. If the employee attain the expected seniority in the middle of pay period, the new contributions reflect from next pay period on wards., This i am informing you , so that when you change the start date, still the values does not reflect in the RT, you might run in in the subsequent pay period and see.
Hope it helps.
Warm Regards!
-Kanuku
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Hi, if your info type record has the validity date from 01 01 2012 to 12 31 9999, and you reached the higher eligibility rates in between these dates, system show you the rates which are valid on beginning date of Info type.
2) the contribution amounts reflect in payroll when you process the payroll 100$ - 5% = 5.00; 100$ - 6% - 6.00
3) So when the employee is eligible for 6%, you would see 6$ on the payroll
4) Reporting would be driven based on the Key date, that is the date on which the employee is eligible to certain %, where in infotype its the validity period.
Having said, all these, would suggest you to test from your end the behavior of the system.
thank you!
Warm Regards!
-Kanuku
http://scn.sap.com/thread/3413400
The issue is closed.
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