Understanding Public Housing Fund and Social Insurance Reports
PeopleSoft Global Payroll for China delivers three PHF/SI reports:
The Annual Base report declares annual employee and employer contribution bases.
The Eligibility report lists monthly requisition/loss of PHF/SI eligibility.
The Monthly Contribution report lists monthly employee and employer contribution amounts.
Because no particular legal format is provided by the local PHF/SI Management centers for PHF/SI reporting nor any provision for data being delivered in a magnetic format, PeopleSoft Global Payroll for China provides general formats for PHF/SI reports for the reporting authorities. Companies can use these reports to help complete the preprinted report formats supplied by the local PHF/SI management centers.
The system extracts data for these reports during payroll finalization using the Report Data feature. It produces the reports in both PDF and CSV file formats.
Process Flow
This diagram illustrates the flow of the PHF/SI report data extract process:
This diagram illustrates the flow of the PHF/SI report data extract process.
Probation Processing and Eligibility Reporting
In cases where the Use Probation Processing check box is selected for a PHF/SI deduction, the system still generates the eligibility report based on the begin date of the PHF/SI deduction, not the actual month in which the PHF/SI deduction occurs at the end of the probation period.