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SAN,
The standard for 401K deductions is to take the current rate. Basically, the change on the base (/102) is carried forward using wage types /X02 and /Z02. Then the 401K deduction is processed against this modified base. The configuration for this is as follows:
T512W
WT /X02 within valuation basis section, set first derived wage type to /102
WT /X02 set processing class 6 to 1
WT /Z02 within valuation basis section, set first derived wage type to /Z02
WT /Z02 set processing class 6 to 0
WT /Z02 select cumulation class 02
WT /102 set 1st derived wage type to /X02 and 2nd derived WT to /Z02
WT /102 set processing class 83 to 5 -- take old basis, carry difference forward
V_51P6_C Arrears for retrocalc
401K deduction WT -- set retroactivity indicator to 4 Take old amount, forget difference
This set up carries the value of the change in base forward to the current period. So in your example, /102 should now be 20000 against which 10% will be calculated.
Donna
---------------Original Message---------------
From: SAN
Sent: Friday, June 04, 2010 2:31 PM
Subject: Arrears for 401K deduction
> Hi Guys,
>
> Is there a way, a 401K deduction was to occur on the current rate instead of an old rate if a retrocalculation happens generating a 401K wage (/102) for an old pay period (showing a different 401K rate)?
>
> Current period showing a /102 amount of 10000 for 11/2010 - 10%( 401K rate)
> Retro period showing a bonus payment of 10000 for 01/2010 - 5%( 401K rate)
>
> Now, with the retrocalculation, 5% of 10000 comes out and gets added to the current deduction of 10% on 10000.
>
> Our company wants to change the rule to do a deduction on the current rate only.
>
> Thanks,
>
> SAN
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