Functionality This function module helps to compute the Annual Pensionable Emolument(APE) of an employee for cases in which averaging of the the last 3years is required, due to a promotion(s) during the last 3 years priorto an employee's retirement. It will first attempt to read from the payroll cluster the regularpayroll results of the employee. If no payroll result could be found,it shall simulate payroll run for the employee. Afterwhich, it will retrieve from the results table the wage types /PENand /PEB (Pensions Scheme wage types customised based on ProcessingClass 86) to determine the APE amount, the Pensionable Salary Per Annumand the Pensionable Allowance Per Annum. This function module employs the following formulaes: (Total of Monthly PE in Period A) + (Total of Monthly PE in PeriodB)> 3 It will also compute the last drawn salary immediately before anemployee's retirement and then compare to the above computed amountand take whichever is lesser. One important point is that we use 31 days when deriving the period,ie. if it is 2 years, 10 months and 20 days, we divide 20 by 31 to geta month figure. |