Defined contributions - ages 60-63

Has anyone set up BSI and Lawson for the new catch-up limits for ages 60-63? What all did it entail? Is Lawson programs accommodating for this change or will a CTP have to be issued?

I'm thinking all that needs to be done is to set up a new BSI Payment Override for this age group (AGE60-63) apply the payment overrides with the new limits and then assign this new payment override (AGE60-63) to the employees HR11 Group Code field. Am I over simplying this?

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cindy-taylor

Hello Deanna,

I opened a case with Infor (we are in the Cloud with them and BSI) some time ago on this issue. Infor said yes, that is all we need to do. Simple, right? Again, this was a while ago. We are still waiting for confirmation from our company on the details of the plan, but I think that is all that needs to be done. But please don't just take my word - get something official!

jarkiewicz-eva

that is how we are testing it.

Currently waiting on Payroll and our benefits team to confirm if this worked

karin-jensen

The new BSI payment override is how we were thinking we would do this as well. We have not had a chance to build or test it yet. Looking forward to hearing the results!

deanna-plant

Eva J, You're ahead of the game! Can you please respond to this group when your testing has been completed.

d-wilcox

How are they testing the new code Eva? I set up a new override code on PR56. Now our IT dept. will work on the BSI portion. Once that is done, I will communicate to the employees the new law for Age 60 - 63.

jarkiewicz-eva

Payroll and Benefits requested we set some employees in our Test environment with the new BSI code in the appropriate field on HR11. PR created for the code in BSI to my understanding and now I believe they are going to run a test payroll, I am not part of that testing so am just awaiting an update or whether it passed or failed testing. Obviously if it failed we have to go back to the drawing board.

tevers

Yes I have set up. Very easy. New BSI group with the new payment override limits and assign to those ages 60-63 in HR 11 Group Code field Worked no problem

karin-jensen

Thank you, everyone, for sharing your thoughts and your test results!

jarkiewicz-eva

our testing showed this worked

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