Reviewing Pension Plans

This topic discusses how to review pension plans.

Page Name

Definition Name

Usage

Pension Plan Data Review ESP Page

GPES_PP_RSLT

Set up pension plans.

Use the Pension Plan Data Review ESP page (GPES_PP_RSLT) to review the payroll calculation related Pension Plan contributions that needs to be reported through the Model 345 on a yearly basis, review the amounts calculated for the selected year/month, and to review also the year-to-date accumulated values. You can also create the events for AFI communication related Pension Plans.

Note: This page displays the information stored in the record GPES_PP_RSLT. It only contains the data that will be reported in the Model 345, so the one assigned to some Perception Key/Subkey. This means the employee contributions to pension plans that are not reported in Model 345 will not be displayed in this component.

Navigation:

Global Payroll & Absence Mgmt > Pension > Pension Plan Data Review ESP

This example illustrates the fields and controls on the Pension Plan Data Review ESP page. You can find definitions for the fields and controls later on this page.

 Pension Plan Review page

Pension Plan Review

Use the Pension Plan Review tab to review Pension Plan related data for employees.

Plan Contribution

This tab displays the information that the payroll process generates. You are not allowed to edit the information on this tab.

Field or Control

Description

Fiscal Territory

The fiscal territory the employee belongs to.

Empl ID (employee ID)

The person for which the data on a given row relates.

Empl Record (employee record number)

The person's employee record number.

Name

The first and last name of the person.

National ID

The national identification number or foreign identification number of the person.

Key and Sub-Key

The perception key and subkey that identifies the person's work relationship with the company. If a person has more than one combination of key and subkey, the system displays a separate row for each combination. You define keys and subkeys on the Perception Keys ESP page.

Law 12/22 Reduction

This check box identifies if the income corresponds to Pension Plan employer’s contribution that is eligible for the Reduction as specifies in the law 12/22.

Contributor

This field is used to identify whether the company or the employee is contributing to the employee's pension plan.

Amount

The amount corresponding to the Pension Plan contribution.

Processing Data

This tab displays the information corresponding to the payroll that calculates the pension plan contributions.

This example illustrates the fields and controls on the Processing Data tab.

 Processing Data page

Accumulated Values

This page displays the year-to-date amounts for the pension plan contributions.

This example illustrates the fields and controls on the Accumulated Values page.

 Accumulated Values page

Automated creation of AFI events

User can create AFI events for the communication of the Pension Plan contributions that needs to be done on a monthly basis to Social Security through the AFI file.

To automatically create the AFI events, perform the following:

  1. Click the Create AFI Events button in the Pension Plan Review page. This displays the following message:

    AFI Event Message

     AFI message

  2. Click Yes to proceed.

Once the process ends, then the user will have available through Update Contracts ESP, the AFI events (ASA action, type 439) needed to perform the required reporting to Social Security.

Affiliation Event

 Affiliation Event

Note: Please note the following:

  • The process is run for all the employees in the company, for the selected month, that has pension plan contributions with flag Law 12/22 Reduction ON.

  • The AFI event, will be created with effective date: first day of the month.

  • If there are multiple segments in the month, just one event will be created per contract.

  • These AFI events automatically created will be stored in the record PS_WKF_CNT_INC_ESP with following values in these fields:

    • AFI_DATASOURCE_ESP=’P’

    • TIME_STAMP_ESP= processing date time

  • If the process is rerun, then the system will insert new AFI events, just for those employees that has not an ASA (type 439) event already for the same date. This means if you need to correct a value previously inserted you will need to do it manually through the component Update Contracts ESP.