Student and Postgraduate Loan Data During Global Transfer
The global transfer process copies student and postgraduate loan data while transferring one or more employees to legal employer that involves a change in the TRU.
Here are the values that are copied from the source calculation card for involuntary deductions to the new calculation card:
Loan | Data Copied During Global Transfer |
---|---|
Student Loan | Plan Type |
Student Loan Deduction Start Date | |
Start Notice Date of Issue SL1 | |
Student Loan Deduction Stop Date | |
Stop Notice Date of Issue SL2 | |
Eligibility for repayment of teachers loans | |
Last Update Process Sequence | |
Override Amount | |
Postgraduate Loan | Postgraduate Loan Deduction Start Date |
Start Notice Date of Issue PGL1 | |
Postgraduate Loan Deduction Stop Date | |
Stop Notice Date of Issue PGL2 | |
Last Update Process Sequence | |
Override Amount |
If the employee’s legal employer is changed within the same TRU, no change is required related to Court Orders and Student Loans calculation card because Student Loans and Post Graduate Loans components apply to all an employee’s assignments.
Future dated records from the original calculation card and components are also copied to the new calculation card. However, if the new TRU already has a calculation card for this employee (either at transfer date, or in the future), no new calculation card is created on the new TRU for the employee.
Any created court order calculation card on the new TRU will have a start date as of the global transfer date. However, any new components will match the start date of the original component start date. If the component’s start date is earlier than the global transfer date, the new student loan or postgraduate loan component’s start date will match the global transfer date.