Calculating the Retirement Allowance Amount
The Retirement allowance amount calculation report program calculates employee's retirement allowance amount based on customizing setups and employee’s master data and generates the batch input session to update each selected employees' Infotype 0015 Additional Payments.
Calculating Retirement Allowance Amount for an Employee
– Retirement Amunt difference
In this field, you enter the difference between the last retirement allowance amount and the current retirement allowance amount.
– Retirement Amunt Pay Date
This field contains the default value for the retirement allowance pay day.
– Service years
Modify the service year. The service year is used as part of the key to obtain the reduction rate and the payment factor for the pay scale
– Amount of adjustment
Enter the adjustment amount in the field Ret. Amt.
Enter the accumulation point.
The batch input session is generated.
A retirement allowance amount is calculated and payment is created for the selected
Calculating an Employee’s Retirement Allowance Amount