Retirement Liquidation for the Current Period

 

Use

This section describes the activities that you must carry out when you perform the retirement liquidation for the current period.

The retirement liquidation for the current period consists of the following steps:

  1. Payroll run
  2. Creation of employee remuneration statements
  3. Actual remuneration by bank transfer

Once these steps have been completed, the retirement liquidation for the current period is complete.

You must perform the retirement liquidation for the current period only if an employee retires before the monthly payroll for the period in question is calculated.

For employees retiring after the monthly payroll for the current period is completed, and before the next payroll run period, you should perform the retirement liquidation for the next period only.

 

Prerequisites

The Following Activities must be Performed before the Retirement Liquidation:

Changing the Payroll Status

The following activities must be executed before retirement liquidation is performed.
Normally for retirement, the status of each related infotype is changed when the Retirement event is set. Accordingly, in Infotype 0003 Payroll status field Personnel locked for payroll is set. This flag is set to avoid payroll accounting being performed for retired employees, but with this status, retirement liquidation can not be performed as well. To enable the retirement liquidation, it is necessary to set field Process up to the last day of the payroll period that immediately follows the payroll period for which the retirement is due.

For example, to enable paying the differences relative to promotion, you must rerun retirement liquidation. To do this, in the field Process up to, enter the last day of the next payroll period.

See also:

Employee Specific Payroll Status

 

Features

Simulating the Retirement Liquidation for Current Period

The System allows you to simulate the retirement liquidation for current period run for test purposes. This allows you to determine whether master data has been maintained correctly for employees for whom you must perform retirement liquidation. You can also determine whether employees will be rejected by the payroll program because of incorrect master data.

When you start a simulation run, the control record remains inactive and payroll results are not saved. You can then perform the following actions:

See also:

Retirement Liquidation for Current Period Simulation

Performing Retirement Liquidation for Current Period

Remuneration Statement for Retirement Liquidation for Current Period

Transfer Payment for Retirement Liquidation for Current Period