1. Implementing Payroll for Kuwait
  2. Fast Formulas for Postponement Types in Pensions Automatic Enrolment

Fast Formulas for Postponement Types in Pensions Automatic Enrolment

You can create fast formulas to determine default values at the organization level. Use the Fast Formulas task under Payroll to create custom formulas.

You can define fast formulas for these postponement types:

  • Worker postponement

  • Eligible jobholder postponement

  • Qualifying pension scheme

Here are some points to consider when creating a postponement formula:
  • The formula must return the end date of the postponement
  • The return value must be named DEFERMENT_DATE
  • If you are using a custom formula for worker postponement or eligible jobholder postponement, specify it at the organization level
  • Enter the end date for the transitional period for End of DB or Hybrid Transition Period

Worker Postponement

Here's a sample formula to create your own worker postponement formula:

Formula Name: <%PENSIONS AUTOMATIC ENROLMENT POSTPONEMENT%>
Formula Type: Calculation Utility
Description: <User specified formula to determine the postponement end date for a Worker postponement.>
Formula Result: DEFERMENT_DATE (DATE)
Calling Formula: GB_PAE_PROCESS_POSTPONE

Eligible Jobholder Postponement

Use this sample formula to create your own eligible jobholder postponement formula:

Formula Name: <%PENSIONS AUTOMATIC ENROLMENT POSTPONEMENT%>
Formula Type: Calculation Utility
Description: <User specified formula to determine the postponement end date for an Eligible Jobholder postponement.>
Formula Result: DEFERMENT_DATE (DATE)
Calling Formula: GB_PAE_PROCESS_POSTPONE

Qualifying Pension Scheme

Use this sample formula to create your own qualifying pension scheme formula:Formula Name: 

Formula Name: <%PENSION SCHEME FOR AUTOMATIC ENROLMENT%>
Formula Type: Calculation Utility
Description: <User specified formula to determine the qualifying pension scheme.>
Formula Result: QPS_ID (NUMBER)
Calling Formula: GB_PAE_PROCESS_PAE