End of Fixed-Term Contract Allowance

PeopleSoft delivers the earning IND FIN CONT to calculate the end of fixed-term contract allowance.

As defined by PeopleSoft, this earning is calculated when:

• A payee is terminated with an action of TER (termination) and a reason of EAB (employer's anticipated breach) or EFT (end of fixed-term contract).

  This entitlement is set up in the bracket IND BR FIN CONT by specifying the values of the action and reason variables (GEN VR ACTION and GEN VR MOTIF) that entitle a payee to the allowance. In this bracket, the return column variable IND VR DT IFC returns a 1 or a 0: a 1 if the allowance can be paid, and a 0 if the allowance cannot be paid.

• The payee has a contract type of CDD.

  This entitlement is set up in the bracket IND BR DT SPEC by specifying the value of the contract type system element (CONTRACT TYPE) that entitles a payee to the allowance. In this bracket, the return column variable IND VR DP IFC returns a 1 or a 0: a 1 if the allowance can be paid, and a 0 if the allowance cannot be paid.

To modify this allowance, or to calculate the allowance when other action/reason values are entered in the Job Data component and for other contract types, you must specify the valid action/reasons and contract types in the brackets IND BR FIN CONT and IND BR DT SPEC.

See IND BR FIN CONT (End of Contract Entitlements), ind-br-dt-spec-contract-type-specific-entitlements.html#GUID-2E9A7BA7-573B-43F5-B4ED-FEC57284205B.