Understanding the Complementary Annual Bonus
This chapter provides an overview of the Complementary Annual Bonus (SAC) functionality delivered with Global Payroll for Argentina and discusses how to view delivered Complementary Annual Bonus elements.
Understanding the Complementary Annual Bonus
Companies must pay a Complementary Annual Bonus to their payees. This bonus is paid in two installments.
The first installment corresponds to 50 percent of the best salary paid in the first six months and should be paid by the end of June. Companies can include this first installment with the employee's salary in June or pay it in a special payroll by:
Running the regular June payroll and entering a value of 1 in the variable SAC VR PAG EN JUN?.
Running a special run type K2 SAC and entering a value of 1 in the variable SAC VR PAG EN JUN?.
Employees who receive variable compensation, such as overtime, may be entitled to use an average of their compensation to calculate the bonus. This depends on how the company prorates additional payments for the SAC bonus.
The second installment must be paid by December and the calculation is similar to the first installment. Companies can include this second installment with December's salary or pay it in a special payroll by:
Running the regular payroll for December entering a value of 1 in the variable SAC VR PAG EN DIC?
Running a special run type K2 SAC and entering a value of 1 in the variable SAC VR PAG EN DIC?
If the employee's best salary is the last salary in June or the last salary in December, and the bonus installment was calculated before the monthly payment, then in the regular payroll run, the difference is calculated and paid using the SAC AJUSTE earning element.
Viewing Delivered Complementary Annual Bonus Elements
Global Payroll for Argentina delivers several elements to process the Complementary Annual Bonus.
This section discusses how to
View delivered 13th salary earnings.
View delivered accumulators.
View delivered sections.
Viewing Delivered 13th Salary Earnings
The following table lists the delivered earning elements used to calculate the Complementary Annual Bonus:
|
Earning Element |
Description |
|
SAC |
Calculates the amount of the complementary annual bonus installment. This earning is calculated using the formula SAC FM CALCULO SAC. |
|
SAC AJUSTE |
Calculates the bonus adjustment when the last month's salary is the best and the bonus was previously paid. This earning is calculated using the formula SAC FM AJUSTE SAC. |
|
SAC PROPORC |
Calculates the pending bonus for terminations. This earning is calculated using the formula SAC FM PROPORCION. |
|
SAC IND PREA |
Calculates the bonus amount related to the notice payment paid to terminated employees. This earning is a percentage of the Notice payment. |
|
SAC INT MES |
Calculates the bonus amount related to the supplemental salary paid to terminated employees. This earning is a percentage of the supplemental salary payment. |
|
SAC VAC NO G |
Calculates the bonus amount regarding the pending unused vacations paid to terminated employees. This earning is a percentage of the pending unused vacations amount. |
Viewing Delivered Accumulators
The following table lists the delivered accumulator elements used to calculate the Complementary Annual Bonus:
|
Accumulator Element |
Description |
|
MESES 13 SALARIO |
Accumulates the number of months for which a payee is eligible for 13thsalary. If the number of days worked is greater than 15 during a single month, that month is counted towards 13thsalary eligibility. |
|
SAC AC AJ PAG 1ER |
Accumulates the adjustment of the Complementary Annual Bonus first installment. |
|
SAC AC AUS 1ER SEM |
Accumulates the absences that reduce the number of worked days for the Complementary Annual Bonus first installment. |
|
SAC AC AUS 2DO SEM |
Accumulates the absences that reduce the number of worked days for the Complementary Annual Bonus second installment. |
|
SAC AC AUS PAG 1ER |
Accumulates the absences taken by the Complementary Annual Bonus first installment calculation. |
|
SAC AC AUS PAG 2DO |
Accumulates the absences taken by the Complementary Annual Bonus second installment calculation. |
|
SAC AC J+I PAG 1ER |
Accumulates the Retirement and Disability Plan amounts deducted from the Complementary Annual Bonus first installment. |
|
SAC AC MEJ SUE 1SM |
Accumulates the best salary to calculate the Complementary Annual Bonus first installment. |
|
SAC AC MEJ SUE 2SM |
Accumulates the best salary to calculate the Complementary Annual Bonus second installment. |
|
SAC AC MES AJ 1ER |
Accumulates the month when the adjustment of the Complementary Annual Bonus first installment was paid. |
|
SAC AC MES PAG 1ER |
Accumulates the month when the Complementary Annual Bonus first installment was paid. |
|
SAC AC OBS PAG 1ER |
Accumulates the Social Security amounts deducted from the Complementary Annual Bonus first installment. |
|
SAC AC SAC PAG 1ER |
Accumulates the amount of the Complementary Annual Bonus first installment. |
|
SAC AC SAC PAG 2DO |
Accumulates the amount of the Complementary Annual Bonus second installment. |
|
SAC AC SUE PAG 1ER |
Accumulates the best salary used to calculate the Complementary Annual Bonus first installment. |
|
SAC AC SUE PAG 2DO |
Accumulates the best salary used to calculate the Complementary Annual Bonus second installment. |
Viewing Delivered Sections
The following table lists the delivered section elements used to calculate the Complementary Annual Bonus:
|
Section Element |
Description |
|
AR SAC |
This section is necessary for the Complementary Annual Bonus calculation and can be included in the process list for a regular payroll run or in a separate calendar run. |