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Maintenance of Pension Templated Formulas

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When configuring Pension Schemes for use in UK Payroll various Fast Formula's are generated based on Oracle provided template formulas. These template formulas change over time as Oracle fix bugs, react to changes in the schemes they support (e.g. UK Local Government Pension Scheme) etc.

It would appear from our experience that changes to these template formulas are not well documented or publicised, how are clients supposed to:

  • Decide if they need these bug fixes or enhancements?
  • Incorporate these changes in to their copies of the now legacy template formula?


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