Retirement Liquidation for the Current Period
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:
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.
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.
Employee Specific Payroll Status
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:
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