How to Record/Track Deduction Adjustments For Prior Periods
Our state's public employees retirement pension program requires employers to provide them with all retirements contribution adjustments based on the dates the contribution was earned rather than the dates they were paid/adjusted.
For example, if in July we adjust someone's earnings from February and the adjustment also affects the employees' contribution deduction, we have to separately report the adjustment to the state using the February dates instead of the July dates. There are also situations where there are no earnings adjustments; just a retirement adjustment (such as taken in error)
We load all payroll data including adjustments to the PSHUP table as OT (other sources). The PSHUP table lists the fields Earnings Begin Date and Earnings End Date as "Null" for one-time deductions.