Retirement Liquidation for the Next Period

Use

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

The retirement liquidation for the next 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 next period is complete.

Prerequisites

Change 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. Therefore, in Infotype 0003 Payroll status field Personnel locked for payroll is set. This flag is set to avoid performing payroll accounting for retired employees. With this status set, you cannot also perform retirement liquidation.

To enable retirement liquidation, in the field Process up to, you must enter the last day of the payroll period that immediately follows the payroll period for which the retirement is due.

For example, to make paying the differences relative to promotion possible, it is necessary to run retirement liquidation a second time. To allow this, field Process up to must be extended to the last day of the next payroll period.

See also:

Employee Specific Payroll Status

 

Features

Simulating the Retirement Liquidation for the Next Period

The system allows you to simulate the retirement liquidation for the next period 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 Next Period Simulation

Performing Retirement Liquidation for Next Period

Remuneration Statement for Retirement Liquidation for Next Period

Transfer Payment for Retirement Liquidation for Next Period