Pensions Ireland (Infotype 0361) 

Definition

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

Structure

Scheme ID

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 Irish Pensions Contributions table (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 scheme available:

·         Annual Percentage Contributions (APC)

·         Per Period Contribution (PPC)

·         Flat Rate Contribution (FRC)

For additional information see Create Employee Pension Schemes.