How do the "Earnings basis" options work when configuring pension on company level?
When configuring a pension fund on company level, the following options will be available for selection:
- Pensionable Pay – The calculation will be based on the employees basic salary.
- Qualifying Earnings – The calculation will be based on the employees basic salary up to the pension earnings limit.
- Custom Earnings – The calculation will be based on the employees basic salary up to the specified limits captured on the “Custom Earnings Annual Lower Limit” and “Custom Earnings Annual Upper Limit” fields.
Navigate > Configuration > Basic Settings > Dropdown Management > Component Tables Configuration
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