Setting Up Military Deposits

Page Name

Definition Name

Usage

Federal Distribution Destinations Page

GVT_DEDUCT1_SEC

Further define the deduction and the interface in which it will be included.

See Federal Distribution Destinations Page.

Military Deposit Interest Page

GVT_MIL_INTRST_PNL

Enter military deposit interest rate.

Use the Military Deposit Interest page (GVT_MIL_INTRST_PNL) to enter military deposit interest rate.

Navigation:

Set Up HCM > Product Related > Payroll for North America > Compensation and Earnings > Military Deposit Interest USF > Military Deposit Interest

This example illustrates the fields and controls on the Military Deposit Interest page.

Military Deposit Interest page

The interest rate on military deposits for post-1956 military service is computed on a calendar year basis, January 1 through December 31. Use this page to record the current interest rate. During the interest calculation process (FGPY020.SQR), the interest rate for the employee's Interest Accrual Date is used.

Field or Control

Description

Military Deposit Interest

Enter the military service deposit interest rate.