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US PAY: EOY Phase1 - 2013 403b/401k Limit Incorrect in PAY_US_FEDERAL_TAX_INFO_F
We have the 2012 US Payroll End of Year phase 1 patch. When I run this SQL,
SELECT
effective_start_date, EFFECTIVE_END_DATE,
fed_information_category,
fed_information1 Annual_Limit ,
fed_information2 Catchup_Limit,
fed_information4 includable_annual_comp_limit
FROM hr.pay_us_federal_tax_info_f
WHERE fed_information_category like ('%LIMITS')
I noticed that the latest 401k limits and 403b limits are all showing this year's (2012) amount, 17000. The annual compensation limit amount is also for 2012, 250000. For 2013, the 403b/401k contribution limit amount should be 17500, the annual compensation limit amount should be 255000. During our payroll test, we also confirmed that the system limited to 170000 for year 2013.