Functions

There are two functions that always require the consolidated earnings function: final average earnings and cash balance accounts. Social security calculations can also be based on consolidated earnings—or, if you choose, on a final average earnings amount. Consolidated hours can also be based on consolidated earnings if you provide an earnings-to-hours divisor.

Service is the only function that uses consolidated hours.

Employee accounts is the only function that uses consolidated contributions.

The three consolidation functions, consolidated earnings, consolidated hours, and consolidated contributions, calculate periodic payroll accumulations.

Consolidated earnings and consolidated hours calculate this information in three stages:

• Actual hours, earnings, or contributions from payroll.

• Amounts after generating any hours or earnings.

• Final amounts after any other adjustments.

Consolidated earnings has one additional result: the partial period fraction. This indicates the portion of the consolidation period that an employee works. For example, if you consolidate earnings using calendar years and an employee terminates on April 1, the employee only worked 25 percent of the year and the partial period fraction is .25.

To see the details of an employee's consolidation history, select Pension, Pension Information, Update Employee Plan Data. This component includes pages showing the detailed consolidated data.