Identifying Proration Rules
Five proration rules are available to the 15 supplied for all countries to meet Hong Kong's payroll processing requirements. The following table lists the rules and indicates the numerator and denominator the rule uses:
|
Name |
Description |
Numerator |
Denominator |
|---|---|---|---|
|
OE PO 13MTH |
Proration for 13th mth pay |
Formula OE FM 13MTH PAY |
Duration OE DR DAYS IN YR |
|
MPF PO 18TH BTHDAY |
18th birthday proration |
Duration MPF DR BIRTHDAY |
Duration GP CAL DAYS PERIOD |
|
MPF PO REVLNT INCM |
Proration for relevant income |
Duration MPF DR START DATE |
Duration GP CAL DAYS PERIOD |
|
MPF PO 65TH BTHDAY |
65th birthday proration |
Duration MPF DR 65 BTHDAY |
Duration GP CAL DAYS SEG |