Entering content frameObject documentation Pension Funds (Infotype 0071) Locate the document in its SAP Library structure

Definition

This infotype stores an employee’s own pension contributions, the employer’s contributions, as well as additional voluntary payments.

Use

All information for calculating contributions to be paid into employees’ pension schemes is stored in Pension Funds records.

When employees wish to join schemes available in your company, you need to create the appropriate records for them, which are valid from the date on which they have chosen to join.

During their employment, employees’ pension situations may change. You therefore need to create new records to reflect each of these changes.

Note

If employees decide to change the contributions they make to a particular scheme, you need to create new records to reflect the changes. Should you receive a request after the payroll has been run for a particular period, changing the record will trigger retrocalculation.

Structure

In order to display or edit a Pension Funds record, you must first enter a subtype. This is the type of scheme that the employee contributes to and may be a flat-rate, percentage, or mixed-rate pension scheme. If you have a company pension scheme, this will have been set up as a subtype. For information on setting up a subtype, refer to the section on Pension Schemes in the Implementation Guide for Payroll: Great Britain.

Retrocalculation Implications

Backdated changes to the Pension Funds (infotype 0071) record do trigger retrocalculation.

See also:

Structure link Retroactive Accounting

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