Ministry of Manpower (MOM) in Singapore announced that employers have to provide itemised payslips to all their employees covered under the Employment Act (EA). One of the items that require changes in the PeopleSoft delivered Payslip is related to the Overtime payments which should display the overtime hours worked and the period of overtime for each payment.
Additionally there are revisions to contribution rates for Mosque Building and Mendaki Fund (MBMF) released by MUIS, the administering body for MBMF.
Our Position Statement has been revised to include these legislative updates and the delivery timelines for the respective change. We advise customers to review our position statement to keep up-to-date. The Position Statement can be found on My Oracle Support
, Document ID 2117537.1.