Announcements for Payroll and OTL can now be found in the Announcements - Payroll and OTL - EBS (MOSC) subcategory. Follow to be sure you don't miss a thing!
Singapore Payroll: CPF: Backdated Salary will be considered as Additional Wages
Hi All,
According to CPF board, back payment of Salary will be considered as Additional Wages ( unless it was due to administrative delay) .
Oracle Payroll (Singapore) currently always treated the retro salary as 'Ordinary Earnings' and paid retro CPF accordingly to Ordinary Earnings.
Is there anyway ( using standard retro functionality ) to calculate CPF on retro salary as an Additional Earnings? Note: the base element of salary is having classification of 'Ordinary Earnings'.
I am posting the information from CPF website as below.
Full doc can be obtained from this link
0