Retirement Allowance Setup and Processing

Retirement allowances are handled as unscheduled payments in an off-cycle run.

High-level steps for setting up and processing retirement allowances include:

1. Entering retirement allowance data, including the employee's years of service and data from the payee's Retirement Income report on the Maintain Ret Allow Data JPN page.

   The system uses this information when it calculates the deduction amount of the retirement allowance and the taxes on the current retirement allowance. This step is required whether or not the payee has submitted a Retirement Income report.

2. Using the Off Cycle component to enter the payee's current retirement allowance earning as an unscheduled payment.

3. If applicable, entering the payee's date of death on the Biographical Details page in the Administer Workforce JPN business process in PeopleSoft HR.

4. Running an off-cycle process for retirement allowances.

5. Printing payslips.

6. Generating the Retirement Allowance Withholding Tax report.