This activity allows you to record the employee termination payment details of the employee. The employee termination payment is a lump sum amount paid either to the employee when their employment is terminated or to dependents in case of death of employee. You can specify the payment details in both the Termination payment category 1 and Termination payment category 2.You can also modify the details of employee termination payments details.
This activity allows you to do the following
Employee Code should have been defined through Employee Code Setup component.
Employee details should have been defined through Employee Personal Information component.
Employment details should have been defined through the Employment Information component.
All user defined values should have been defined through the HR General Information component.
To record employee termination payments details select Statutory → Australia Statutory Administration → Employee Termination Payments from the Business Process menu.
Choose the option from the Australia Statutory Setup Unit combo.
In the Search Criteria section, enter the code that identifies the employee. Click the lens icon to retrieve an employee code from the Help on Employee screen.
Click Get to retrieve the existing employee details.
The system displays the name, age, preservation age and status of the employee.
In the Access History section, choose the option from the Effective Period combo to access the history with the effective dates.
In the Category 1 Payments section, enter the payment made under early retirement scheme of the employee that exceeds the tax free limit.
Enter the Genuine redundancy payment that exceeds the tax free limit of the employee.
Enter the payment made for the employee’s permanent disability.
Enter the payment made for compensation of employee personal injury.
Enter the payment made against compensation for unfair dismissal of the employee.
Enter the lump sum amount paid on termination of the employee.
Choose the option from Termination payment category 1 of the employee. The system lists Death benefit – Trustee, Employee age < preservation age, Employee age >= preservation age, Death benefit to non dependents and Death benefits to dependents as options.
In the Category 2 Payments section, enter the payment made under Golden handshake scheme for the employee.
Enter the payment made under the gratuity scheme for the employee.
Enter the payment made during the notice period of the employee.
Enter the payment made for unused sick and rostered days off of the employee.
Enter any other employee termination payment made to the employee.
Choose the option from Termination payment category 2 of the employee. The system lists Death benefit – Trustee, Employee age < preservation age, Employee age >= preservation age, Death benefit to non dependents and Death benefits to dependents as options.
In the Modification Details section, choose Correct option from Modification Option combo to save the modified details with current effective date.
Choose Update option from Modification Option combo to update the modified details with new effective date.
Note: While modifying, you can use one of the two available modification options viz., "Correct" and "Update". If you choose the Correct option, the changes you make will come into effect in the existing record itself. If you choose the Update option, the system closes the existing version of the record and will create a new record containing the changes you make. You are to specify a new effective date which will become the effective date for the new record.
Enter the New Effective From date to validate the updated the records.
Enter relevant Remarks that pertaining to the employee termination payment details.
Click Submit to save the employee termination payment details.
Note: The system saves the employee termination payment details.
To edit or update an existing employee termination payment details select Statutory → Australia Statutory Administration → Employee Termination Payments from the Business Process menu.
Choose the option from the Australia Statutory Setup Unit combo.
Enter the code that identifies the employee. Click the lens icon to retrieve an employee code from the Help on Employee screen. The system displays the name of the employee.
Click Get to retrieve the existing employee details.
The system displays the name, age, preservation age and status of the employee. The system retrieves and displays entire details of the specified employee code. Make required modifications to the data displayed. Refer Fields in this Screen topic for an explanation of the fields displayed.
Click Submit to save the termination payment details of the employee.
|
Field Name |
Description |
Type |
Editable |
Field Length |
Mandatory |
Remarks |
|
Australia Statutory Setup Unit |
Choose the Australia Statutory Setup Unit for which the employee termination payment detail has to be recorded. |
Combo |
No |
|
Yes |
|
|
Search Criteria |
||||||
|
Employee Code |
The code that identifies the employee to which the employee termination payment detail is recorded. |
Textbox |
Yes |
25 |
Yes |
Click the lens icon to retrieve an employee code from the Help on Employee screen. |
|
Employee Name |
The employee name is displayed for the specified employee code. |
Textbox |
No |
40 |
No |
|
|
Employee Age |
The age of the employee is displayed. |
Textbox |
No |
20 |
No |
|
|
Preservation Age |
The preservation age of the employee is displayed. |
Textbox |
No |
20 |
No |
|
|
Status |
The status of the employee termination payment is displayed. |
Textbox |
No |
|
No |
|
|
Access History |
||||||
|
Effective Period |
The option that indicates the effective period to access the history with the effective dates. |
Combo |
No |
|
Yes |
Use the drop-down values to view previous ‘history data’. |
|
Category 1 Payments |
||||||
|
Early retirement scheme |
The payment made under early retirement scheme which exceeds the tax free limit. |
Textbox |
Yes |
20 |
No |
|
|
Genuine redundancy payment |
The payment made under genuine redundancy payment scheme which exceeds the tax free limit. |
Textbox |
Yes |
20 |
No |
|
|
Payment for employee permanent disability |
The payment made because of the employee’s permanent disability |
Textbox |
Yes |
20 |
No |
|
|
Compensation for personal injury |
The payment made for compensation of employee personal injury. |
Textbox |
Yes |
20 |
No |
|
|
Compensation for unfair dismissal |
The payment made against compensation for unfair dismissal of the employee. |
Textbox |
Yes |
20 |
No |
|
|
Lump sum payments on termination |
The lump sum amount paid on termination of the employee. |
Textbox |
Yes |
20 |
No |
|
|
Termination payment category |
The option that indicates the Termination payment category 1 of the employee. |
Combo |
No |
|
Yes |
The system lists Death benefit – Trustee, Employee age < preservation age, Employee age >= preservation age, Death benefit to non dependents and Death benefits to dependents as options. |
|
Category 2 Payments |
||||||
|
Golden handshake |
The payment made under Golden handshake scheme for the employee. |
Textbox |
Yes |
20 |
No |
|
|
Gratuity |
The payment made under the gratuity scheme for the employee. |
Textbox |
Yes |
20 |
No |
|
|
Payment in lieu of notice |
The payment made during the notice period of the employee. |
Textbox |
Yes |
20 |
No |
|
|
Payment for unused sick and rostered days off |
The payment made for unused sick and rostered days off of the employee. |
Textbox |
Yes |
20 |
No |
|
|
Others |
Any other employee termination payment made to the employee. |
Textbox |
Yes |
20 |
No |
|
|
Termination payment category |
The option that indicates the Termination payment category 2 of the employee. |
Combo |
No |
|
Yes |
The system lists Death benefit – Trustee, Employee age < preservation age, Employee age >= preservation age, Death benefit to non dependents and Death benefits to dependents as options. |
|
Modification Details |
||||||
|
Modification Option |
Choose the action that you want to perform. The options are Correct and Update. |
Combo |
Yes |
|
Yes |
If you choose Update then the system closes the existing details. You should mandatorily enter the New Effective date from which the details will become effective. |
|
New Effective From |
The new effective date of updated records from when the entries become valid. |
Textbox |
Yes |
|
No |
|
|
Remarks |
Any remarks or additional modification information regarding the employee termination payment details. |
Textbox |
Yes |
250 |
No |
|