Checking Goal Amounts

The calculation rule for the LOANDED deduction element is Base x Percent, where:

BASE AUS GROSS

Percentage = 10

This deduction has a goal limit that is the maximum amount that can ever be deducted. It is not a maximum per frequency.

The DED GC LOANDED generation control first checks if any part of the deduction can be taken. Its formula, LIM FM CHK LOANDED, checks that accumulator LOANDED AC LTDA (life-to-date LOANDED), is not greater than or equal to the variable LIM VR GOAL LIMIT, which set as the supporting element override when assigning the deduction to the payee. If it is, the formula returns false and the deduction is not processed.

However, even if the deduction is processed, the system must verify that this new instance of the deduction won't exceed the goal amount if it is taken in full.

The post-process formula LIM FM LOANDED verifies this. If there is a goal limit, the system proceeds with the formula, as follows:

LOANDED AC LTDA + LOANDED_ARR (any LOANDED arrears) + CURR AMT VALUE (system element, the value of LOANDED)

For example:

1150 + 0 + 90 = 1240 (GP TEMP001 NUM)

The formula then compares the new figure with the goal amount; for example, 1200.

If it finds that the new figure exceeds the goal amount, it subtracts the goal amount from the new figure to determine the excess amount; for example:

1240 − 1200 = 40 (LIM VR OVER LIMIT)

The formula then subtracts the excess amount from the current value of the deduction (for example, 90), and that becomes the value of the deduction for this pay period (which is the last time it's taken unless the goal amount is increased):

90 − 40 = 50

The UNION deduction element is managed in a similar way. Its generation control formula LIM FM CHK UNION checks whether Union's fiscal year-to-date accumulator is greater than or equal to LIM VR YTD LIMIT (goal amount for the year). If it is greater, the deduction is not processed.

If the deduction is processed, the post-process formula determines the effect that the new deduction would have on the year's goal amount if paid in full, and it reduces the deduction if necessary.

The LOANDED deduction element is assigned at payee level as an earning and deduction assignment. Set the goal amount as the numeric value of the element override, LIM VR GOAL LIMIT. Because goal amounts are typically different for each employee, the variable is not set as a system element override at the deduction level.