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Managing 401(k) Loan Repayments and Company Transfers

edited Mar 30, 2022 1:40PM in Human Resources and ELM - PSFT (MOSC) 1 commentAnswered ✓

Oracle PeopleSoft HCM 9.2 - Payroll for North American and Automated Benefits

Defined general deductions for 401(k) loan repayment and assigned the general deductions to each Company,

If the same general deductions are used to build the Company General Deductions component. Why is it when an employee transfers companies that we have to develop an enhancement to move the general deduction from one company to another company? - I know Company is a key field on the component. - Why? If we are using Other Common ID why do we have to transfer the 401(k) loan repayment to the new company? Is there other functionality that we can use for 401(k) loan repayments? i.e., Create Garnishments. Or another table that Payroll reads during the calculate and confirm

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