Bases

PeopleSoft Global Payroll for Spain calculates social security contributions and deductions as a percentage of a funding base, except in the case of trainees and apprentices, whose contributions and deductions are based on fixed rates. For employees with multiple jobs, the calculation is based on reduced maximum and minimum bases that you define on the Multiple Employment page.

PeopleSoft Global Payroll for Spain delivers accumulators for these funding bases:

• Common Contingencies Base: Used to calculate the common contingencies contribution.

• Professional Contingencies Base: Used to calculate social security contributions for:

  • Temporary Disability (Incapacidad Temporal (IT)) and Permanent Disability, Death, and Survival Benefits (Invalidez, Muerte, y Supervivencia, (IMS).

  • Unemployment.

  • Professional training.

  • FOGASA (Fondo de Garantia Salarial.

• Structural Overtime Base: Used to calculate social security contributions for structural overtime.

• Non Structural Overtime Base: Used to calculate social security contributions for nonstructural overtime.

Note:

PeopleSoft Global Payroll for Spain calculates the common contingencies and professional contingencies bases for trainees and apprentices for use in processing social security benefits. These bases are not required for calculating social security contributions.