Retirement allowance calculation

Description

This function calculates the retirement allowance amount in employee's retirement date point based on employee's master data and customizing table settings.

The report result is converted to the batch input data (Infotype 0015) and the PC file.

Retirement allowance amount Formula

The methods of calculating the retirement allowance are following three patterns.

Basic Pay Base

Retirement allowance =
Basic pay amount x Payment factor x Retirement reason reduction rate

Pay Scale Base

Retirement allowance =
Basic pay amount (based on pay scale table) x Payment factor
x Retirement reason reduction rate

Point Bass

Retirement allowance =
Point x Unit price per point x Retirement reason reduction rate

Change system parameters in customizing

Please refer to the following section of Implementation Guide for

detailed costomizing procedures.

Personnel Administration --> Payroll Data --> Retirement Allowance

Retirement Allowance
Common Setting
Define retirement reason category
Define link between event, reason and retirement reason tategory
Define reduction rate
Define retirement calculation methode
Basic Pay Base
Define wage type model for retirement allowance basis
Define base amount wage type group
Define payment factor for basic pay base
Pay Scale Base Define retirement allowance base wage type per pay Define payment factor for pay scale base
Point Base
Define retirement allowance unit amount
Define wage type to be generated

Further notes

Please refer to the following section of Onle Help for detailed operation procedures.

Personnel Administration & Payroll Accounting
--> Payroll --> Procedure of Payroll --> Procedure of Payroll -Japan
--> Payroll Related Master Data --> Payments
--> Additional Payments --> Retirement Allowance