Subsequent Activities for Retirement Liquidation

Definition

The payroll results of retirement liquidation are evaluated and then prepared for their subsequent transfer to accounting together with monthly payroll results in the payroll period retirement liquidation is performed. Thus there is no subsequent activities which are only for retirement liquidation.

For example, if retirement liquidation was processed for an employee on 15th of June (suppose, payday is 20th of June) and monthly payroll of June is performed on 22nd of June (suppose, payday is 25th of June), then subsequent activities of June monthly payroll process not only results of monthly payroll of June but also retirement liquidation results of June.

For more information about subsequent activities for monthly payroll, please refer to Activities per Payroll Period