Pensions Ireland (Infotype 0361) 

Definition

This infotype allows you to store an employee's pension details. This is based on entries in this infotype and your organization’s pension scheme parameters, as set up in the table Pensions Schemes Ireland (V_T7IEP). The system then calculates, where applicable, employee, employer, and additional voluntary pension contributions.

Structure

Scheme ID

The Scheme ID determines the pension scheme to which an employee belongs. It also determines how employee and employer pension contributions are calculated in the system.

 

Valid pension schemes are set up in the table Irish Pensions Contributions (V_T7IEP). Each Scheme ID is also assigned a unique code. See also in the IMG: Payroll Accounting Ireland ®Pensions Schemes  ® Create pensions schemes.

 

There are three types of pension scheme available:

¡        Annual Percentage Contributions (APC)

¡        Per Period Contribution (PPC)

¡        Flat Rate Contribution (FRC)

 

See also:

 

Create Employee Pension Schemes.